SEC Form 4 · accession 0001014108-18-000082
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 13, 2018 · 4:53 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Apr 10, 2015 | A | 375,801 | A | — | — | Common Stock | 375,801 | 375,801 | D |
| Restricted Stock UnitsF1,F3 | — | Apr 1, 2016 | A | 160,085 | A | — | — | Common Stock | 160,085 | 160,085 | D |
| Restricted Stock UnitsF1,F4 | — | Apr 3, 2017 | A | 123,988 | A | — | — | Common Stock | 123,988 | 123,988 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Layne common stock.
- F2The restricted stock units will vest in one-third increments upon the achievement of a price of $7.88 $9.19 and $10.50 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least thirty (30) consecutive trading days during the three-year period beginning on April 10, 2015, and ending on April 10, 2018. Mr. Caliel must also remain employed by Layne during the three-year period.
- F3The restricted stock units will vest in one-third increments upon the achievement of a price of $10.56, $12.32 and $14.08 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least thirty (30) consecutive trading days during the three-year period beginning on April 1, 2016 and ending on April 1, 2019. Mr. Caliel must also remain employed by Layne during the three-year period.
- F4The restricted stock units will vest in one-third increments upon the achievement of a price of $11.19, $12.81 and $14.59 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least thirty (30) consecutive trading days during the three-year period beginning on April 3, 2017, and ending on April 3, 2020. Mr. Caliel must also remain employed by Layne during the three-year period.