0000899243-19-007138.txt : 20190311
0000899243-19-007138.hdr.sgml : 20190311
20190311200531
ACCESSION NUMBER: 0000899243-19-007138
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: Collins Bryan Ray
CENTRAL INDEX KEY: 0001694095
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07573
FILM NUMBER: 19673659
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-03-07
0
0000076321
PARKER DRILLING CO /DE/
PKDSQ
0001694095
Collins Bryan Ray
5 GREENWAY PLAZA, SUITE 100
HOUSTON
TX
77046
0
1
0
0
President, Drilling Operations
401K Common Stock
842.87
I
401(k)
Common Stock
7816
D
Phantom Stock Units
2019-03-07
4
D
0
13996
D
Common Stock
13996
0
D
Restricted Stock Units
2019-03-07
4
D
0
13996
D
Common Stock
13996
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/ Bryan Collins
2019-03-11