SEC Form 4 · accession 0001014108-18-000003
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
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 12:57 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 StockF1 | Jan 2, 2018 | M | 51,299 | — | A | 66,299 | D | |
| Common Stock | Jan 2, 2018 | F | 17,561 | $12.55 | D | 48,738 | D |
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 | — | Jan 2, 2018 | M | 51,299 | D | — | — | Common Stock | 51,299 | 0 | 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 based upon the achievement of certain financial criteria, beginning on January 2, 2015 and ending on the third anniversary of the grant. On January 2, 2018, 75% of the total RSU performance award vested. The remaining 25% did not vest because the related stock price criteria was not achieved.