SEC Form 4 · accession 0000071829-17-000097
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
Aug 16, 2017
Accepted (ET)
Aug 18, 2017 · 11:36 am 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 | Aug 16, 2017 | M | 73,953 | $0.00 | A | 635,792 | D | |
| Common StockF2 | Aug 16, 2017 | F | 31,023 | $7.50 | D | 604,769 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3 | $0.00 | Aug 16, 2017 | M | 73,953 | D | Aug 16, 2017 | — | Common Stock | 73,953 | 247,774 | D |
Explanation of responses
- F1Represents shares acquired upon the vesting of performance stock units previously granted to the Reporting Person. Vesting of the award was contingent upon Company's achievement of certain levels of total shareholder return (TSR) relative to a pre-determined industry peer group.
- F2Represents shares withheld to satisfy tax withholding obligations upon the vesting of performance shares.
- F3Represents performance restricted stock units awarded in 2014, the vesting of which was dependent on achievement of certain levels of total shareholder returns (TSR) relative to a peer group established by the Compensation Committee of the Board of Directors.