SEC Form 4 · accession 0001562180-17-002660
TETRA TECHNOLOGIES INC · TTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart M Brightman
Officer — President & CEO · Director
Period of report
Aug 9, 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash-Settled Stock Appreciation RightF1 | $4.51 | Aug 9, 2017 | A | 133,946 | A | — | Feb 22, 2027 | Common Stock | 133,946 | 133,946 | D |
Explanation of responses
- F1Each SAR represents the right to receive, upon exercise, a cash amount equal to the excess of (a) the fair market value of a share of the company's common stock on the date of exercise, over (b) the exercise price per SAR. One-third of the 133,946 SAR awards will vest on February 22, 2018, and the remaining award will vest in monthly installments thereafter until February 22, 2020.