SEC Form 4 · accession 0000071829-18-000101
NPK International Inc. · NPKI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip T Vollands
Officer — Vice President and President
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 | 8,883 | $0.00 | A | 56,659 | D | |
| Common StockF1 | Jun 1, 2018 | F | 2,163 | $10.85 | D | 54,496 | D | |
| Common Stock | Jun 1, 2018 | M | 5,342 | $0.00 | A | 59,838 | D | |
| Common StockF1 | Jun 1, 2018 | F | 1,300 | $10.85 | D | 58,538 | D | |
| Common Stock | Jun 1, 2018 | M | 16,295 | $0.00 | A | 74,833 | D | |
| Common StockF1 | Jun 1, 2018 | F | 3,967 | $10.85 | D | 70,866 | 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 | 8,883 | D | — | — | Common Stock | 8,883 | 130,464 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Jun 1, 2018 | M | 5,342 | D | — | — | Common Stock | 5,342 | 125,122 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Jun 1, 2018 | M | 16,295 | D | — | — | Common Stock | 16,295 | 108,827 | 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.