SEC Form 4 · accession 0000071829-18-000100
NPK International Inc. · NPKI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Campbell Smith
Officer — Exec Vice President & Chief
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 2:28 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 | Jun 1, 2018 | M | 14,873 | $0.00 | A | 284,743 | D | |
| Common StockF1 | Jun 1, 2018 | F | 3,621 | $10.85 | D | 281,122 | D | |
| Common Stock | Jun 1, 2018 | M | 13,333 | $0.00 | A | 294,455 | D | |
| Common StockF1 | Jun 1, 2018 | F | 3,246 | $10.85 | D | 291,209 | D | |
| Common Stock | Jun 1, 2018 | M | 27,282 | $0.00 | A | 318,491 | D | |
| Common StockF1 | Jun 1, 2018 | F | 8,814 | $10.85 | D | 309,677 | D |
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, 2018 | M | 14,873 | D | — | — | Common Stock | 14,873 | 81,230 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Jun 1, 2018 | M | 13,333 | D | — | — | Common Stock | 13,333 | 67,897 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Jun 1, 2018 | M | 27,282 | D | — | — | Common Stock | 27,282 | 40,615 | 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.