0001401257-16-000131.txt : 20160222
0001401257-16-000131.hdr.sgml : 20160222
20160222175939
ACCESSION NUMBER: 0001401257-16-000131
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160219
FILED AS OF DATE: 20160222
DATE AS OF CHANGE: 20160222
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FORUM ENERGY TECHNOLOGIES, INC.
CENTRAL INDEX KEY: 0001401257
STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
IRS NUMBER: 611488595
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 920 MEMORIAL CITY WAY
STREET 2: SUITE 1000
CITY: HOUSTON
STATE: TX
ZIP: 77024
BUSINESS PHONE: 713-351-7900
MAIL ADDRESS:
STREET 1: 920 MEMORIAL CITY WAY
STREET 2: SUITE 1000
CITY: HOUSTON
STATE: TX
ZIP: 77024
FORMER COMPANY:
FORMER CONFORMED NAME: FORUM OILFIELD TECHNOLOGIES, INC.
DATE OF NAME CHANGE: 20100726
FORMER COMPANY:
FORMER CONFORMED NAME: FORUM OILFIELD TECHNOLOGIES INC
DATE OF NAME CHANGE: 20070529
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Harris James Whelan
CENTRAL INDEX KEY: 0001538456
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35504
FILM NUMBER: 161446223
MAIL ADDRESS:
STREET 1: 920 MEMORIAL CITY WAY
STREET 2: STE. 800
CITY: HOUSTON
STATE: TX
ZIP: 77024
4
1
wf-form4_145618196910814.xml
FORM 4
X0306
4
2016-02-19
0
0001401257
FORUM ENERGY TECHNOLOGIES, INC.
FET
0001538456
Harris James Whelan
920 MEMORIAL CITY WAY
SUITE 1000
HOUSTON
TX
77024
0
1
0
0
EVP & CFO
Common Stock
2016-02-19
4
M
0
928
0
A
262673
D
Common Stock
2016-02-19
4
M
0
4015
0
A
266688
D
Common Stock
2016-02-19
4
F
0
1318
9.39
D
265370
D
Common Stock
2016-02-19
4
A
0
31950
0
A
297320
D
Common Stock
2016-02-20
4
F
0
1311
9.39
D
296009
D
Common Stock
2016-02-21
4
F
0
1621
9.39
D
294388
D
Performance Shares
2016-02-19
4
M
0
3414
D
2015-12-31
Common Stock
0.0
0
D
Performance Shares
2016-02-19
4
M
0
3709
D
2015-12-31
Common Stock
928.0
0
D
Performance Shares
2016-02-19
4
M
0
5353
D
2015-12-31
Common Stock
4015.0
0
D
Employee Stock Option (Right to Buy)
9.39
2016-02-19
4
A
0
77920
0
A
2026-02-19
Common Stock
77920.0
77920
D
Performance Shares
2016-02-19
4
A
0
10650
0
A
2017-12-31
Common Stock
10650.0
10650
D
Performance Shares
2016-02-19
4
A
0
10650
0
A
2018-12-31
Common Stock
10650.0
10650
D
Performance Shares
2016-02-19
4
A
0
10650
0
A
2019-12-31
Common Stock
10650.0
10650
D
These shares were surrendered to satisfy tax obligations related to the vesting of performance shares granted on February 21, 2014 and February 20, 2015.
Represents an award of restricted stock under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan (the "Plan"). Each share of restricted stock, par value $0.01 per share, is subject to transferability and other restrictions that lapse upon vesting of the restricted stock. The restricted shares vest according to the following schedule: 1/4 vest on each of the first, second, third and fourth anniversaries of the date of grant (2/19/2016). The restricted stock will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The restricted stock agreement also includes dividend and voting rights.
These shares were surrendered to satisfy the tax obligation related to the vesting of a restricted stock unit award granted on February 20, 2015.
These shares were surrendered to satisfy tax obligations related to the vesting of restricted stock unit awards granted on February 21, 2013 and February 21, 2014.
These performance shares represent a contingent right to receive Common Stock, based on the Company's total shareholder return versus that of the Company's peer group. As determined by the Company's Nominating, Governance & Compensation Committee ("NG&C Committee") and given the Company's total shareholder return versus the relevant peer group over the three-year period commencing on January 1, 2013 and ending on December 31, 2015, each performance share represents the right to receive 0 shares of Common Stock.
These performance shares represent a contingent right to receive Common Stock, based on the Company's total shareholder return versus that of the Company's peer group. As determined by the NG&C Committee and given the Company's total shareholder return versus the relevant peer group over the two-year period commencing on January 1, 2014 and ending on December 31, 2015, each performance share represents the right to receive 0.25 shares of Common Stock.
These performance shares represent a contingent right to receive Common Stock, based on the Company's total shareholder return versus that of the Company's peer group. As determined by the NG&C Committee and given the Company's total shareholder return versus the relevant peer group over the one-year period commencing on January 1, 2015 and ending on December 31, 2015, each performance share represents the right to receive 0.75 shares of Common Stock.
These options are exercisable in accordance with the following schedule: 1/4 of the options become exercisable on each of the first, second, third and fourth anniversaries of the date of grant (2/19/2016).
These performance shares represent a contingent right to receive Common Stock, based on the Company's total shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of Common Stock in the first quarter of 2017, based on achievement of performance measures over a one-year period, following certification of the performance results by the NG&C Committee.
These performance shares represent a contingent right to receive Common Stock, based on the Company's total shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of Common Stock in the first quarter of 2018, based on achievement of performance measures over a two-year period, following certification of the performance results by the NG&C Committee.
These performance shares represent a contingent right to receive Common Stock, based on the Company's total shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of Common Stock in the first quarter of 2019, based on achievement of performance measures over a three-year period, following certification of the performance results by the NG&C Committee.
/s/ James W. Harris by John C. Ivascu as Attorney-in- Fact
2016-02-22