SEC Form 4 · accession 0001209191-15-035772
PATTERSON UTI ENERGY INC · PTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John E Vollmer III
Officer — Chief Financial Officer
Period of report
Apr 21, 2015
Accepted (ET)
Apr 23, 2015 · 5:38 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 | 44,500 | $0.00 | A | 573,574 | D | |
| Common Stock, $.01 par value per shareF2 | Apr 21, 2015 | A | 96,000 | $20.33 | A | 669,574 | D | |
| Common Stock, $.01 par value per shareF3 | Apr 21, 2015 | F | 39,574 | $20.33 | D | 630,000 | D | |
| Common Stock, $.01 par value per shareF4 | holding | — | — | — | 200,000 | I | By Trust(s) |
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)F5 | $20.33 | Apr 21, 2015 | A | 154,200 | A | — | Apr 20, 2025 | Common Stock, $.01 par value per share | 154,200 | 154,200 | 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 received in settlement of the 2012 Performance Unit grant.
- F3Shares disposed to pay applicable withholding taxes on shares received from 2012 Performance Unit grant.
- F4Held by trust(s) for which the reporting person is a trustee.
- F5One-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.