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