SEC Form 4 · accession 0000071829-18-000054
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
May 2, 2018
Accepted (ET)
May 3, 2018 · 7:31 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 Stock | May 2, 2018 | M | 27,505 | $7.89 | A | 590,324 | D | |
| Common StockF1 | May 2, 2018 | S | 27,505 | $10.5136 | D | 562,819 | D | |
| Common Stock | May 3, 2018 | M | 75,000 | $7.89 | A | 637,819 | D | |
| Common StockF2 | May 3, 2018 | S | 75,000 | $10.2694 | D | 562,819 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $7.89 | May 2, 2018 | M | 27,505 | D | — | Jun 10, 2018 | Common Stock | 27,505 | 122,495 | D |
| Non-Qualified Stock Option (right to buy)F3 | $7.89 | May 3, 2018 | M | 75,000 | D | — | Jun 10, 2018 | Common Stock | 75,000 | 47,495 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.50 to $10.575, inclusive.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.20 to $10.475, inclusive.
- F3The options became exercisable in increments of one-third of the shares each year and expire on June 10, 2018.