SEC Form 4/A · accession 0001562180-17-002659
TETRA TECHNOLOGIES INC · TTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Stuart M Brightman
Officer — President & CEO · Director
Period of report
Feb 22, 2017
Accepted (ET)
Aug 11, 2017 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000844965
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $4.51 | Feb 22, 2017 | A | 233,702 | A | — | Feb 22, 2027 | Common Stock | 233,702 | 233,702 | D |
Explanation of responses
- F1This stock option award was granted pursuant to the TETRA Technologies, Inc. Third Amended and Restated 2011 Long Term Incentive Compensation Plan. One-third of the award will vest on February 22, 2018, and the remaining stock options will vest in monthly installments thereafter until February 22, 2020.
Remarks
This amended Form 4 is being filed solely to report the rescission of a portion of the number of stock options granted to Mr. Brightman on February 22, 2017. Because Mr. Brightman's award was in excess of the 400,000 maximum number of shares that may be granted per calendar year to a single person under the terms of the TETRA Technologies, Inc. Third Amended and Restated 2011 Long Term Incentive Compensation Plan, the Issuer has rescinded 133,946 shares of common stock from the stock option award.