SEC Form 4 · accession 0001246360-16-005975
PARKER DRILLING CO /DE/ · PKDSQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary G Rich
Officer — Chairman,President & CEO · Director
Period of report
May 20, 2016
Accepted (ET)
May 23, 2016 · 4:42 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 | May 20, 2016 | M | 52,500 | $2.22 | A | 679,903 | D | |
| 401K Common StockF1 | holding | — | — | — | 11,105 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | — | May 20, 2016 | M | 52,500 | D | May 20, 2016 | May 20, 2016 | Common Stock | 52,500 | 457,152 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | — | — | Common Stock | 261,418 | 261,418 | D |
Explanation of responses
- F1Shares of PKD common stock in 401(k) as of May 19, 2016.
- F2Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock.
- F3Each restricted stock unit represents a contingent right to receive one share of PKD common stock.