SEC Form 4 · accession 0001562180-18-001240
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
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000844965
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2018 | A | 293,964 | $0.00 | A | 1,169,258 | D |
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 RightF2 | $3.87 | Feb 22, 2018 | A | 306,011 | A | — | Feb 22, 2027 | Common Stock | 306,011 | 306,011 | D |
Explanation of responses
- F1This restricted stock 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, 2019, and one-sixth at the completion of each six-month period thereafter until February 22, 2021.
- F2Each Cash-Settled Stock Appreciation Right ("SAR") represents the right to receive, upon exercise, an amount equal to the excess of (a) the Fair Market Value of a share of Common Stock on the date of exercise, over (b) the Exercise Price per SAR set for the in the Notice of Award Agreement. One-third of the 306,011 SAR awards will vest on February 22, 2019, and the remaining award will vest monthly thereafter until February 22, 2021.