0001401257-19-000180.txt : 20191104
0001401257-19-000180.hdr.sgml : 20191104
20191104164208
ACCESSION NUMBER: 0001401257-19-000180
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191031
FILED AS OF DATE: 20191104
DATE AS OF CHANGE: 20191104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: IVASCU JOHN C
CENTRAL INDEX KEY: 0001765836
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35504
FILM NUMBER: 191190396
MAIL ADDRESS:
STREET 1: 920 MEMORIAL CITY WAY
STREET 2: SUITE 1000
CITY: HOUSTON
STATE: TX
ZIP: 77024
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: 10344 SAM HOUSTON PARK DRIVE
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77064
BUSINESS PHONE: 281-949-2500
MAIL ADDRESS:
STREET 1: 10344 SAM HOUSTON PARK DRIVE
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77064
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
4
1
wf-form4_157290371294139.xml
FORM 4
X0306
4
2019-10-31
0
0001401257
FORUM ENERGY TECHNOLOGIES, INC.
FET
0001765836
IVASCU JOHN C
10344 SAM HOUSTON PARK DRIVE
SUITE 300
HOUSTON
TX
77064
0
1
0
0
SVP and General Counsel
Stock Appreciation Rights
1.45
2019-10-31
4
A
0
400000
0
A
2022-10-31
2022-10-31
Common Stock
400000.0
400000
D
Represents an award of stock appreciation rights ("SARs") granted pursuant to the Forum Energy Technologies, Inc. 2016 Stock and Incentive Plan (the "Plan"). Each SAR represents a contingent right to receive the excess, if any, of the fair market value of one share of Forum Energy Technologies, Inc. (the "Company") common stock, par value $0.01 ("Common Stock"), over the exercise price upon vesting.
The SARs vest on the third anniversary of the date of grant (10/31/2019) and will settle in Common Stock or, at the Company's election, in cash, as soon as practicable thereafter, subject to a threshold condition that the average closing price of a share of Common Stock over the twenty trading days prior to the settlement date is equal to or greater than $5.00. The SARs will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. In connection with the award hereunder, the Company's Board of Directors has determined that the maximum award under the 2019 Executive Management Incentive Plan ("EMIP") that the reporting person is eligible to receive will be 75% of the EMIP's target payout.
The exercise price of each SAR is $1.45 per share, which is 125% of the Company's closing stock price on the date of grant.
John C. Ivascu
2019-11-04