SEC Form 4 · accession 0000008411-16-000257
ATWOOD OCEANICS INC · ATW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Michael Smith
Officer — Sr. VP - Technical Services
Period of report
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 6:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008411
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Nov 17, 2016 | A | 43,806 | A | — | — | Atwood Oceanics, Inc. Common Stock | 43,806 | 125,357 | D |
| Performance-Based Restricted Stock UnitsF3 | — | Nov 17, 2016 | A | 40,482 | A | Mar 15, 2020 | Mar 15, 2020 | Atwood Oceanics, Inc. Common Stock | — | 87,126 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- F2These shares of common stock were granted as a Restricted Stock Unit Award under the Atwood Oceanics, Inc. 2013 Long-Term Incentive Plan. The Restricted Stock Units will vest one-third per year over three years in substantially equal installments on each anniversary of the Date of Grant during the three-year period.
- F3The performance-based restricted stock units vest after a three-year period in an amount ranging from 0-200% of the units awarded based upon company total shareholder return compared with the total shareholder return of a designated peer group for four separate measurement periods during the vesting period. The units provide for payment of all earned shares in common stock following the end of the three-year period.