SEC Form 4 · accession 0000888504-15-000003
LAYNE CHRISTENSEN CO · LAYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Nelson Obus
Director
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000888504
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2015 | A | 9,634 | $0.00 | A | 70,835 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F3 | — | Apr 1, 2015 | A | 2,425 | A | — | — | Common Stock | 2,425 | 17,678 | D |
Explanation of responses
- F1Of the 70,835 shares reported as being held by the reporting person, 19,455 shares are held directly by Mr. Obus and 51,380 shares are held indirectly by Mr. Obus through Wynnefield Partners Small Cap Value, L.P., Wynnefield Partners Small Cap Value, L.P. I, and Wynnefield Small Cap Value Offshore Fund, Ltd. (collectively, the "Wynnefield Entities"). Mr. Obus disclaims beneficial ownership in such shares except to the extent of his beneficial interest in the Wynnefield Entities.
- F2The Conversion or Exercise Price is 1 for 1.
- F3The Phantom Stock Units were accrued under the Layne Christensen Deferred Compensation Plan for Directors and are to be settled 100% in cash. The Phantom Stock Units are to be settled within thirty (30) days after (i) the date pre-selected by the reporting person or (ii) the date the reporting person ceases to be a Director.