SEC Form 4 · accession 0001209191-16-088621
PATTERSON UTI ENERGY INC · PTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Oliver Buckner
Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 4:22 pm EST
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 | Jan 1, 2016 | A | 3,000 | $0.00 | A | 30,000 | D | |
| Common Stock, $.01 par value per share | Jan 1, 2016 | J | 27,000 | $0.00 | D | 3,000 | D | |
| Common Stock, $.01 par value per share | Jan 1, 2016 | J | 27,000 | $0.00 | A | 27,000 | I | By CDT Investments, LP |
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 | $15.08 | Jan 1, 2016 | A | 10,000 | A | Jan 1, 2017 | Dec 31, 2025 | Common Stock, $.01 par value per share | 10,000 | 10,000 | D |
Explanation of responses
- F1One hundred percent (100%) of the shares vest on January 1, 2017.
- F2The reporting person transferred 27,000 shares to a limited partnership for which the reporting person is the sole member of the sole general partner.
- F3One hundred percent (100%) of the option vests on January 1, 2017.