SEC Form 4 · accession 0001246360-16-005096

· PKDSQ

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman,President & CEO · Director

Period of report

Mar 10, 2016

Accepted (ET)

Mar 14, 2016 · 3:49 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000076321

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F4	Mar 10, 2016	A	144,703	$0.00	A	600,351	D
Common Stock	Mar 10, 2016	F	39,576	$2.09	D	560,775	D
401K Common Stock^F1	holding	—	—		—	10,218	I	401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2	$0.00	Mar 10, 2016	A	261,418	A	Mar 10, 2017	Mar 10, 2019	Common Stock	261,418	624,429	D
Phantom Stock Units^F3	—	Mar 10, 2016	A	261,418	A	Mar 10, 2017	Mar 10, 2019	Common Stock	261,418	261,418	D

F1Shares of PKD common stock in 401(k) as of March 10, 2016.
F2Each restricted stock unit represents a contingent right to receive one share of PKD common stock.
F3Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock.
F4Represents Performance Share Units (PSUs) that vested on March 10, 2016 and were initially granted in May 2013. Each PSU represented the right to receive one share of PKD Common Stock, subject to increase or decrease based upon annual total shareholder return (TSR) of the Company as compared to the TSR for each performance peer of the Company and subject to the discretion of the Compensation Committee to reduce the award by up to 20%. The PSUs awarded represent a payout factor of 1.601 times the initial number of PSUs granted.