SEC Form 4 · accession 0001246360-18-002302
PARKER DRILLING CO /DE/ · PKDSQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Sumruld
Officer — Sr. VP and CFO
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 10:56 am 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 StockF2 | Oct 1, 2018 | M | 3,536 | $2.98 | A | 3,536 | D | |
| Common Stock | Oct 1, 2018 | F | 862 | $2.98 | D | 2,674 | 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 | — | Oct 1, 2018 | M | 3,536 | D | Oct 1, 2018 | Oct 1, 2018 | Common Stock | 3,536 | 18,632 | D |
| Phantom Stock UnitsF1 | — | holding | — | — | — | Mar 12, 2019 | Mar 20, 2021 | Common Stock | 11,562 | 11,562 | D |
Explanation of responses
- F1Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock.
- F2On July 27, 2018, the Issuer effected a 1-for-15 reverse stock split of its common stock (the Reverse Stock Split). The amount of securities reported on this Form 4 have been adjusted to reflect the reverse stock split and rounded down to the nearest whole share.
- F3Each restricted stock unit represents a contingent right to receive one share of PKD common stock.