SEC Form 4 · accession 0000888504-16-000037

LAYNE CHRISTENSEN CO · LAYN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Dec 30, 2015

Accepted (ET)

Jan 4, 2016 · 5:10 pm EST

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 Stock^F1	Dec 30, 2015	P	62,695	$5.2002	A	589,500	D
Common Stock^F2	Dec 31, 2015	P	34,053	$5.2298	A	623,553	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock Units^F3,F4	—	Jan 1, 2016	A	4,653	A	—	—	Common Stock	4,653	27,930	D

F1Of the 589,500 shares reported as being held by the reporting person, 14,638 shares are held directly by Mr. Obus and 574,862 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 ownership in the Wynnefield Entities
F2Of the 623,553 shares reported as being held by the reporting person, 14,638 shares are held directly by Mr. Obus and 608,915 shares, are held indirectly by Mr. Obus through the Wynnefield Entities. Mr. Obus disclaims beneficial ownership in such shares except to the extent of his beneficial ownership in the Wynnefield Entities.
F3The Conversion or Exercise Price is 1 for 1.
F4The Phantom Stock Units were accrued under the Layne Christensen Company 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.