SEC Form 4 · accession 0001209191-17-004246
SUPERIOR ENERGY SERVICES INC · SPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Westervelt T. Ballard Jr.
Officer — Executive Vice President
Period of report
Jan 13, 2017
Accepted (ET)
Jan 18, 2017 · 5:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886835
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jan 13, 2017 | F | 2,434 | $18.03 | D | 44,262 | D | |
| Common Stock | Jan 13, 2017 | A | 16,639 | $0.00 | A | 60,901 | D |
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))F4 | $18.03 | Jan 13, 2017 | A | 35,885 | A | Jan 15, 2018 | Jan 15, 2027 | Common Stock | 35,885 | 35,885 | D |
Explanation of responses
- F1Shares withheld to cover taxes due upon the vesting of restricted stock and restricted stock units.
- F2Includes a reduction of 7,602 RSUs that vested and paid out as of 3/30/16.
- F3Represents a grant of restricted stock units from the issuer.
- F4The stock options are exercisable in 1/3 annual increments beginning on the date indicated and ending on the second anniversary thereof.