SEC Form 4 · accession 0001014108-18-000160
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
Jun 14, 2018
Accepted (ET)
Jun 14, 2018 · 8:54 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 StockF1 | Jun 14, 2018 | D | 8,372 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | — | Jun 14, 2018 | D | 3,932 | D | — | — | Common Stock | 3,932 | 0 | D |
| Stock Option (right to buy)F2 | — | Jun 14, 2018 | D | 6,267 | D | — | — | Common Stock | 6,267 | 0 | D |
| Stock Option (right to buy)F2 | — | Jun 14, 2018 | D | 6,388 | D | — | — | Common Stock | 6,388 | 0 | D |
| Stock Option (right to buy)F2 | — | Jun 14, 2018 | D | 6,384 | D | — | — | Common Stock | 6,384 | 0 | D |
| Performance SharesF3 | — | Jun 14, 2018 | D | 43,986 | D | — | — | Common Stock | 43,986 | 0 | D |
| Performance SharesF4 | — | Jun 14, 2018 | D | 19,210 | D | — | — | Common Stock | 19,210 | 0 | D |
| Restricted Stock UnitsF5 | — | Jun 14, 2018 | D | 733 | D | — | — | Common Stock | 733 | 0 | D |
| Restricted Stock UnitsF6 | — | Jun 14, 2018 | D | 5,886 | D | — | — | Common Stock | 5,886 | 0 | D |
| Restricted Stock UnitsF7 | — | Jun 14, 2018 | D | 8,550 | D | — | — | Common Stock | 8,550 | 0 | D |
| Restricted Stock UnitsF8 | — | Jun 14, 2018 | D | 14,831 | D | — | — | Common Stock | 14,831 | 0 | D |
| Performance SharesF9 | — | Jun 14, 2018 | D | 35,224 | D | — | — | Common Stock | 35,224 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to merger agreement between issuer and Granite Construction Incorporated ("Granite") in exchange for 2,260.44 shares of Granite common stock having a market value of $58.11 per share on the effective date of the merger.
- F2This option was canceled in the merger without consideration.
- F3These performance restricted stock units were canceled in the merger in exchange for a cash payment of $686,089.23.
- F4These performance restricted stock units were canceled in the merger in exchange for a cash payment of $299,635.66.
- F5These restricted stock units were canceled in the merger in exchange for a cash payment of $11,433.26.
- F6These restricted stock units were canceled in the merger in exchange for a cash payment of $91,809.24.
- F7These restricted stock units were canceled in the merger in exchange for a cash payment of $133,362.05.
- F8These restricted stock units were canceled in the merger in exchange for a cash payment of $231,332.45.
- F9These performance restricted stock units were canceled in the merger in exchange for a cash payment of $549,420.43.