SEC Form 4 · accession 0001014108-18-000150

LAYNE CHRISTENSEN CO · LAYN

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

Reporting owner

Director

Period of report

Jun 14, 2018

Accepted (ET)

Jun 14, 2018 · 5:09 pm EDT

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	Jun 14, 2018	D	50,213	—	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Phantom Stock Units^F2	—	Jun 14, 2018	D	28,813	D	—	—	Common Stock	28,813	D
Stock Option (right to buy)^F3	—	Jun 14, 2018	D	6,084	D	—	—	Common Stock	6,084	D
Stock Option (right to buy)^F3	—	Jun 14, 2018	D	7,752	D	—	—	Common Stock	7,752	D
Stock Option (right to buy)^F3	—	Jun 14, 2018	D	10,331	D	—	—	Common Stock	10,331	D
Stock Option (right to buy)^F4	—	Jun 14, 2018	D	52,783	D	—	—	Common Stock	52,783	D
Stock Option (right to buy)^F5	—	Jun 14, 2018	D	46,584	D	—	—	Common Stock	46,584	D
Stock Option (right to buy)^F6	—	Jun 14, 2018	D	44,811	D	—	—	Common Stock	44,811	D
Restricted Stock Units^F7	—	Jun 14, 2018	D	8,475	D	—	—	Common Stock	8,475	D

F1Disposed of pursuant to merger agreement between issuer and Granite Construction Incorporated ("Granite") in exchange for 13,557.51 shares of Granite common stock having a market value of $58.11 per share on the effective date of the merger.
F2These Phantom Stock Units were accrued under the Layne Christensen Company Deferred Compensation Plan for Directors and were canceled in the merger in exchange for a cash payment of $449,048.46.
F3This option was canceled in the merger without consideration.
F4This option was canceled in the merger in exchange for a cash payment of $137,652.79, representing the difference between the exercise price of the option and the market value of the underlying Layne common stock on the effective date of the merger ($15.5979 per share).
F5This option was canceled in the merger in exchange for a cash payment of $484,841.61, representing the difference between the exercise price of the option and the market value of the underlying Layne common stock on the effective date of the merger ($15.5979 per share).
F6This option was canceled in the merger in exchange for a cash payment of $383,488.06, representing the difference between the exercise price of the option and the market value of the underlying Layne common stock on the effective date of the merger ($15.5979 per share).
F7These restricted stock units were canceled in the merger in exchange for a cash payment of $132,192.20.