SEC Form 4 · accession 0000888504-17-000015
LAYNE CHRISTENSEN CO · LAYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry Purlee
Officer — Division President-Inliner
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 10:20 am 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Apr 3, 2017 | A | 14,831 | A | — | — | Common Stock | 14,831 | 14,831 | 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 3, 2020, provided the reporting person remains employed by the company until such date.