SEC Form 4 · accession 0000071829-18-000062
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
May 4, 2018
Accepted (ET)
May 7, 2018 · 4:24 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 4, 2018 | M | 47,495 | $7.89 | A | 610,314 | D | |
| Common StockF1 | May 4, 2018 | S | 47,495 | $10.4046 | 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)F2 | $7.89 | May 4, 2018 | M | 47,495 | D | — | Jun 10, 2018 | Common Stock | 0 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.30 to $10.50, inclusive. The reporting person undertakes to provide to Newpark Resources, Inc., any security holder of Newpark Resources, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- F2The options become exercisable in increments of one-third of the shares each year and expire on June 9, 2018.