SEC Form 4 · accession 0001209191-15-035767
PATTERSON UTI ENERGY INC · PTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Andrew Hendricks Jr.
Officer — President & CEO
Period of report
Apr 21, 2015
Accepted (ET)
Apr 23, 2015 · 5:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000889900
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1 | Apr 21, 2015 | A | 74,200 | $0.00 | A | 285,394 | D | |
| Common Stock, $.01 par value per shareF2 | Apr 22, 2015 | F | 9,920 | $20.33 | D | 275,474 | 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)F3 | $20.33 | Apr 21, 2015 | A | 257,000 | A | — | Apr 20, 2025 | Common Stock, $.01 par value per share | 257,000 | 257,000 | D |
Explanation of responses
- F1One-third of the shares vests on April 21, 2016 and the remainder vests in equal monthly installments over the twenty-four months following April 21, 2016.
- F2Shares disposed to pay applicable withholding taxes on restricted stock vested on 04/22/2015.
- F3One-third of the options vests on April 21, 2016 and the remainder vests in equal monthly installments over the twenty-four months following April 21, 2016.