SEC Form 4 · accession 0001209191-18-042473
PATTERSON UTI ENERGY INC · PTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Michael Holcomb
Officer — President-Drilling Subsidiary
Period of report
Jul 12, 2018
Accepted (ET)
Jul 12, 2018 · 5:14 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 | Jul 12, 2018 | M | 19,000 | $0.00 | A | 325,032 | D | |
| Common Stock, $.01 par value per shareF2 | Jul 12, 2018 | F | 7,477 | $17.70 | D | 317,555 | 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 UnitsF3 | $0.00 | Jul 12, 2018 | M | 19,000 | D | — | — | Common Stock, $.01 par value per share | 19,000 | 38,000 | D |
Explanation of responses
- F1Acquired upon the conversion of Restricted stock units into common stock.
- F2Shares disposed to pay applicable withholding taxes on Restricted stock units converted into common stock on July 12, 2018.
- F3One-third (19,000) of the Restricted stock units vested on July 12, 2018. One-third (19,000) will vest on each of July 12, 2019 and July 12, 2020.