0000076321-20-000026.txt : 20200330 0000076321-20-000026.hdr.sgml : 20200330 20200330163544 ACCESSION NUMBER: 0000076321-20-000026 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200326 FILED AS OF DATE: 20200330 DATE AS OF CHANGE: 20200330 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Collins Bryan Ray CENTRAL INDEX KEY: 0001694095 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07573 FILM NUMBER: 20757620 MAIL ADDRESS: STREET 1: 16982 TRANQUIL LANE CITY: CAT SPRING STATE: TX ZIP: 78933 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PARKER DRILLING CO /DE/ CENTRAL INDEX KEY: 0000076321 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 730618660 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5 GREENWAY PLAZA STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 281-406-2000 MAIL ADDRESS: STREET 1: 5 GREENWAY PLAZA STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77046 4 1 wf-form4_158560052692079.xml FORM 4 X0306 4 2020-03-26 0 0000076321 PARKER DRILLING CO /DE/ PKD 0001694095 Collins Bryan Ray 5 GREENWAY PLAZA, SUITE 100 HOUSTON TX 77046 0 1 0 0 President, Drilling Operations Common Stock 2020-03-26 4 M 0 5772 A 7171 D Common Stock 2020-03-26 4 M 0 5772 A 12943 D Common Stock 2020-03-26 4 F 0 2224 30 D 10719 D Common Stock 2020-03-26 4 D 0 5772 30 D 4947 D 401K Common Stock 12 I By 401(k) Plan Restricted Stock Units 2020-03-26 4 M 0 5772 D Common Stock 5772.0 11544 D Phantom Stock Units 2020-03-26 4 M 0 5772 D Common Stock 5772.0 11544 D Each restricted stock unit represents a contingent right to receive one share of common stock of Parker Drilling Company (the "Issuer"). Each phantom stock unit represents a contingent right to receive a cash amount equivalent to the fair market value of one share of the Issuer's common stock on the settlement date. On February 21, 2020, the Issuer and the Reporting Person agreed to amend and restate the award agreement concerning the restricted stock units to convert one-half of the restricted stock units into phantom stock units. The restricted stock units and phantom stock units will vest in equal installments on each of March 26, 2020, March 26, 2021 and March 26, 2022. The restricted stock units and phantom stock units do not expire. The vested restricted stock units will settle in shares of Issuer common stock, and the vested phantom stock units will settle in cash at the fair market value of the equivalent number of shares of Issuer common stock, with such settlement to occur as soon as practicable following each applicable vesting date. /s/ Bryan Collins 2020-03-27