X0306 4 2016-03-10 false 0000076321 PARKER DRILLING CO /DE/ PKD 0001507330 Agnew Philip L. 5 GREENWAY PLAZA, SUITE 100 HOUSTON TX 77046 false true false false Sr.VP, Chief Technical Officer 401K Common Stock 13274.41 I 401K Common Stock 2016-03-10 4 A false 39585 0 A 178898 D Common Stock 2016-03-10 4 F false 10826 2.09 D 168072 D Restricted Stock Units 0 2016-03-10 4 A false 97315 0 A 2017-03-10 2019-03-10 Common Stock 97315 234448 D Phantom Stock Units 2016-03-10 4 A false 97315 0 A 2017-03-10 2019-03-10 Common Stock 97315 97315 D Shares of PKD common stock in 401(k) as of March 10, 2016. Each restricted stock unit represents a contingent right to receive one share of PKD common stock. Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock. Represents Performance Share Units (PSUs) that vested on March 10, 2016 and were initially granted in May 2013. Each PSU represented the right to receive one share of PKD Common Stock, subject to increase or decrease based upon annual total shareholder return (TSR) of the Company as compared to the TSR for each performance peer of the Company and subject to the discretion of the Compensation Committee to reduce the award by up to 20%. The PSUs awarded represent a payout factor of 1.601 times the initial number of PSUs granted. Philip L. Agnew 2016-03-14