SEC Form 4 · accession 0001232204-15-000005
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, 2015
Accepted (ET)
Jan 6, 2015 · 4:14 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $10.06 | Jan 2, 2015 | A | 109,409 | A | Jan 2, 2018 | Jan 2, 2025 | Common Stock | 109,409 | 109,409 | D |
| Restricted Stock UnitsF1,F2 | — | Jan 2, 2015 | A | 68,399 | A | — | — | Common Stock | 68,399 | 68,399 | 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 25% increments upon the achievement of a price of $9, $10, $12 and $15 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least ten consecutive trading days during the three-year period beginning on January 2, 2015 and ending on January 2, 2018. Mr. Caliel must also remain employed by Layne during that three-year period.