SEC Form 4 · accession 0000008411-16-000291
ATWOOD OCEANICS INC · ATW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J. Saltiel
Officer — President & CEO
Period of report
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 5:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008411
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Atwood Oceanics, Inc. Common StockF1 | Dec 8, 2016 | M | 25,583 | — | A | 218,575 | D | |
| Atwood Oceanics, Inc. Common StockF2 | Dec 8, 2016 | F | 10,733 | $11.97 | D | 207,842 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock UnitsF1 | — | Dec 8, 2016 | M | 25,583 | D | — | — | Atwood Oceanics, Inc. Common Stock | 25,583 | 0 | D |
Explanation of responses
- F1The performance-based restricted stock units vested on December 8, 2016, following a three-year performance period, based upon company total shareholder return compared with the total shareholder return of a designated peer group over the vesting period. Vested units were settled in shares of common stock. Units that did not vest were forfeited.
- F2Represents shares withheld upon the vesting of performance-based restricted stock units in order to satisfy the reporting person's tax withholding obligation upon such vesting.