0000899243-19-007137.txt : 20190311 0000899243-19-007137.hdr.sgml : 20190311 20190311200418 ACCESSION NUMBER: 0000899243-19-007137 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: Rich Gary G CENTRAL INDEX KEY: 0001375848 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07573 FILM NUMBER: 19673656 MAIL ADDRESS: STREET 1: 2929 ALLEN PARKWAY STREET 2: SUITE 2100 CITY: HOUSTON STATE: TX ZIP: 77019 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 0001375848 Rich Gary G 5 GREENWAY PLAZA, SUITE 100 HOUSTON TX 77046 1 1 0 0 Chairman, President & CEO 401K Common Stock 740.34 I 401(k) Common Stock 70175 D Phantom Stock Units 2019-03-07 4 D 0 44268 D Common Stock 44268 0 D Restricted Stock Units 2019-03-07 4 D 0 44268 D Common Stock 44268 0 D Shares of Parker Drilling Company (the "Company") common stock in 401(k). On July 27, 2018, the Company effected a 1-for-15 stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split and rounded down to the nearest whole share. 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/ Gary G. Rich 2019-03-11