SEC Form 4 · accession 0001209191-18-000864
PATTERSON UTI ENERGY INC · PTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tiffany J Thom
Director
Period of report
Jan 1, 2018
Accepted (ET)
Jan 3, 2018 · 4:19 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 2, 2018 | S | 2,574 | $23.08 | D | 12,926 | D | |
| Common Stock, $.01 par value per share | holding | — | — | — | 15,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Jan 1, 2018 | A | 7,605 | A | — | — | Common Stock, $.01 par value per share | 7,605 | 7,605 | D |
Explanation of responses
- F1Shares sold pursuant to a Rule 10b5-1 Sales Plan whereby the reporting person committed to sell the shares on or about January 1, 2018 for the purpose of funding the reporting person's estimated cash tax liability in connection with the vesting of restricted stock on such date.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3One hundred percent (100%) of the restricted stock units vests on January 1, 2019.