SEC Form 4 · accession 0001209191-16-116002
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 26, 2016
Accepted (ET)
Apr 27, 2016 · 7:18 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 26, 2016 | A | 48,300 | $0.00 | A | 678,300 | D | |
| Common Stock, $.01 par value per shareF2 | 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)F3 | $18.54 | Apr 26, 2016 | A | 189,100 | A | — | Apr 25, 2026 | Common Stock, $.01 par value per share | 189,100 | 189,100 | D |
Explanation of responses
- F1One-third of the shares vests on April 26, 2017 and the remainder vests in equal monthly installments over the twenty-four months following April 26, 2017.
- F2Held by trust(s) for which the reporting person is a trustee.
- F3One-third of the options vests on April 26, 2017 and the remainder vests in equal monthly installments over the twenty-four months following April 26, 2017.