0000899243-19-007129.txt : 20190311
0000899243-19-007129.hdr.sgml : 20190311
20190311195808
ACCESSION NUMBER: 0000899243-19-007129
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190307
FILED AS OF DATE: 20190311
DATE AS OF CHANGE: 20190311
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dockray Nathaniel C
CENTRAL INDEX KEY: 0001721525
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07573
FILM NUMBER: 19673645
MAIL ADDRESS:
STREET 1: 1707 WOODLAND VISTA DRIVE
CITY: KINGWOOD
STATE: TX
ZIP: 77339
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-03-07
0
0000076321
PARKER DRILLING CO /DE/
PKDSQ
0001721525
Dockray Nathaniel C
5 GREENWAY PLAZA, SUITE 100
HOUSTON
TX
77046
0
1
0
0
Chief Accounting Officer
401K Common Stock
617.95
I
401(k)
Common Stock
3727
D
Phantom Stock Units
2019-03-07
4
D
0
3990
D
Common Stock
3990
0
D
Restricted Stock Units
2019-03-07
4
D
0
5876
D
Common Stock
5876
0
D
Shares of Parker Drilling Company (the "Company") common stock in 401(k).
Each phantom stock unit ("PSU") represents a contingent right to receive a cash amount equivalent to one share of Company common stock.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Company common stock.
In connection with the Company's corporate reorganization and in accordance with the terms and conditions of the Company's 2010 Long-Term Incentive Plan (as amended and restated as of May 8, 2013), the Company's Compensation Committee determined on March 7, 2019 to cancel all outstanding incentive awards, including RSUs and PSUs. In exchange, the Committee exercised its discretion to determine a reasonable approximation of the value thereof and approved a payment to holders of such RSUs and PSUs of $0.33 per unit.
/s/ Nathaniel Dockray
2019-03-11