SEC Form 4 · accession 0000888504-15-000012
LAYNE CHRISTENSEN CO · LAYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Caliel
Officer — President and CEO · Director
Period of report
Apr 10, 2015
Accepted (ET)
Apr 14, 2015 · 4:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000888504
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | — | Apr 10, 2015 | A | 50,286 | A | — | — | Common Stock | 50,286 | 50,286 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Layne common stock.
- F2The restricted stock units vest on the earlier of (i) the reporting person's retirement after the age of 60 and five years or more of employment with the company, or (ii) April 10, 2018, provided the reporting person remains employed by the company until such date.