Form 4 for PTEN PATTERSON UTI ENERGY INC
Accepted 2023-05-09 00:00:00 ET · period of report 2023-05-05 · accession 0001209191-23-028328 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-09 | 2023-05-05 | PTEN | Hendricks William Andrew JR | Pres, CEO, Dir | D - Sale to Iss | $12.43 | -597.0K | 2.19M | -21% | -$7.42M |
| D | 2023-05-09 | 2023-05-05 | PTEN | Hendricks William Andrew JR | Pres, CEO, Dir | M - OptEx | — | +597.0K | 2.78M | +27% | — |
| DM | 2023-05-09 | 2023-05-05 | PTEN | Hendricks William Andrew JR | Pres, CEO, Dir | A - Grant | $0.00 | +385.5K | 1.95M | +25% | $0 |
| D | 2023-05-09 | 2023-05-05 | PTEN | Hendricks William Andrew JR | Pres, CEO, Dir | M - OptEx | — | -597.0K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, $.01 par value per share | 2023-05-05 | D | D | 597,000 | $12.43 | 2,186,874 | D | — | — | (F4) No shares were actually issued, disposed or sold. Under applicable SEC guidance, cash settlement of phantom units is deemed to involve the conversion of the phantom units into the underlying common stock and the simultaneous disposition of the common stock to the Company for cash. Accordingly, Table 1 uses Transaction Code D to report the phantom unit settlement. |
| 2 | Common | Common Stock, $.01 par value per share | 2023-05-05 | M | A | 597,000 | — | 2,783,874 | D | — | — | (F3) Reflects performance-based phantom units that vested on May 5, 2023. Each phantom unit represented the right to receive a cash payment in an amount equal to the average closing price of one share of common stock of the Company, par value $0.01 per share (a "Share") on the principal stock exchange on which the Shares were then listed for the twenty consecutive trading days preceding March 31, 2023. |
| 3 | Common | Common Stock, $.01 par value per share | 2023-05-05 | A | A | 241,500 | $0.00 | 2,186,874 | D | — | — | (F2) Restricted stock units that convert into common stock on a one-for-one basis. One-third of the restricted stock units vests on each of May 5, 2024, May 5, 2025 and May 5, 2026. |
| 4 | Common | Common Stock, $.01 par value per share | 2023-05-05 | A | A | 144,000 | $0.00 | 1,945,374 | D | — | — | (F1) Shares received in settlement of the 2020 Performance Unit grant. |
| 5 | Derivative | Phantom Unit | 2023-05-05 | M | D | 597,000 | — | 0 | D | — · 2023-05-05 to 2023-05-05 | 597,000 Common Stock | (F3) Reflects performance-based phantom units that vested on May 5, 2023. Each phantom unit represented the right to receive a cash payment in an amount equal to the average closing price of one share of common stock of the Company, par value $0.01 per share (a "Share") on the principal stock exchange on which the Shares were then listed for the twenty consecutive trading days preceding March 31, 2023. |