SEC Form 4 · accession 0001246360-16-007381
PARKER DRILLING CO /DE/ · PKDSQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rudolph R Reinfrank
Director
Period of report
Dec 7, 2016
Accepted (ET)
Dec 8, 2016 · 4:00 pm EST
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 StockF2 | Dec 7, 2016 | S | 30,000 | $2.4172 | D | 117,591 | D | |
| Common StockF3 | Dec 8, 2016 | S | 10,000 | $2.4725 | D | 107,591 | 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 UnitsF1 | — | holding | — | — | — | — | — | Common Stock | 39,370 | 39,370 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of PKD common stock.
- F2This transaction was executed in multiple trades at prices ranging from $2.40 to $2.475. The price reported above reflects the weighted average sale price. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
- F3This transaction was executed in multiple trades at prices ranging from $2.450 to $2.475. The price reported above reflects the weighted average sale price. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.