SEC Form 4 · accession 0001019687-15-002919
PAMT CORP · PAMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allen West
Officer — VP Finance, CFO, Secy, Treas
Period of report
Jul 29, 2015
Accepted (ET)
Jul 30, 2015 · 9:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000798287
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 29, 2015 | M | 400 | $11.22 | A | 1,650 | D | |
| Common Stock | Jul 29, 2015 | M | 50 | $11.22 | A | 1,700 | D | |
| Common Stock | Jul 29, 2015 | D | 700 | $56.57 | D | 1,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $11.22 | Jul 29, 2015 | M | 400 | D | — | Nov 30, 2020 | Common Stock | 400 | 400 | D |
| Employee Stock Option (Right to Buy)F3 | $11.22 | Jul 29, 2015 | M | 50 | D | — | Nov 30, 2020 | Common Stock | 50 | 25 | D |
Explanation of responses
- F1The shares sold in this sale were purchased by the issuer pursuant to the issuer's previously disclosed stock repurchase program in accordance with Rule 10b-18.
- F2This option vests in five equal annual installments beginning on November 30, 2011.
- F3On November 30, 2010, the reporting person was granted an option for 1,920 shares to vest based on the satisfaction of certain quarterly and annual performance criteria by P.A.M. Transportation Services, Inc. (the "Company") for each quarter in 2011 and for the year ended 2011. The performance criteria for the second quarter of 2011 were met, resulting in the option becoming exercisable as to 125 shares on July 27, 2011, the date of the Company's earnings release for the period in which the applicable performance criteria were met. The exercisable portion of the option vests in five equal annual installments beginning on July 27, 2012.