SEC Form 4 · accession 0000071829-17-000062
NPK International Inc. · NPKI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul L Howes
Officer — President and CEO · Director
Period of report
Jun 1, 2017
Accepted (ET)
Jun 2, 2017 · 6:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000071829
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 1, 2017 | F | 15,450 | $7.5356 | D | 487,175 | D | |
| Common Stock | Jun 1, 2017 | M | 45,379 | $0.00 | A | 532,554 | D | |
| Common StockF1 | Jun 1, 2017 | F | 19,036 | $7.5356 | D | 513,518 | D | |
| Common Stock | Jun 1, 2017 | M | 83,240 | $0.00 | A | 596,758 | D | |
| Common StockF1 | Jun 1, 2017 | F | 34,919 | $7.5356 | D | 561,839 | D | |
| Common Stock | holding | — | — | — | 25,000 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Jun 1, 2017 | M | 45,379 | D | — | — | Common Stock | 45,379 | 503,751 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Jun 1, 2017 | M | 83,240 | D | — | — | Common Stock | 83,240 | 420,511 | D |
Explanation of responses
- F1Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted shares.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3The restricted stock units vest in increments of one-third of the shares on June 1 of each year.