SEC Form 4 · accession 0001246360-17-001305

· PKDSQ

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

Reporting owner

Officer — President, Drilling Operations

Period of report

Mar 9, 2017

Accepted (ET)

Mar 13, 2017 · 5:07 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 9, 2017	A	4,229	$1.65	A	46,685	D
Common Stock	Mar 9, 2017	F	1,119	$1.65	D	45,566	D
Common Stock	Mar 10, 2017	M	18,949	$1.65	A	64,515	D
Common Stock^F5	Mar 10, 2017	M	18,949	$1.65	A	83,464	D
Common Stock	Mar 10, 2017	F	5,842	$1.65	D	77,622	D
Common Stock^F5	Mar 10, 2017	D	18,949	$1.65	D	58,673	D
401K Common Stock^F1	holding	—	—		—	12,643	I	401K

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock Units^F2	—	Mar 9, 2017	A	67,983	A	Mar 9, 2018	Mar 9, 2020	Common Stock	67,983	124,830	D
Restricted Stock Units^F3	—	Mar 9, 2017	A	67,983	A	Mar 9, 2018	Mar 9, 2020	Common Stock	67,983	167,393	D
Restricted Stock Units^F3	—	Mar 10, 2017	M	18,949	D	Mar 10, 2017	Mar 10, 2017	Common Stock	18,949	148,444	D
Phantom Stock Units^F2	—	Mar 10, 2017	M	18,949	D	Mar 10, 2017	Mar 10, 2017	Common Stock	18,949	105,881	D

F1Shares of PKD common stock in 401(k) as of March 9, 2017.
F2Each phantom stock unit presents 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.
F4Represents Performance Share Units (PSUs) that vested on March 9, 2017 and were initially granted in March 2014. 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 vested represents a payout factor of 0.575 times the initial number of PSUs granted.
F5Vesting of phantom stock units resulting in a cash payment in which each phantom stock unit is valued at the fair market value of one share of PKD common stock on the day of vesting.