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