Form 4 for PTEN PATTERSON UTI ENERGY INC
Accepted 2023-10-02 00:00:00 ET · period of report 2023-09-28 · accession 0001209191-23-051263 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-10-02 | 2023-09-28 | PTEN | Drummond Robert Wayne Jr | Dir | M - OptEx | — | +3.56M | 3.16M | New | — |
| D | 2023-10-02 | 2023-09-28 | PTEN | Drummond Robert Wayne Jr | Dir | F - Tax | $14.56 | -1.36M | 2.64M | -34% | -$19.74M |
| D | 2023-10-02 | 2023-09-28 | PTEN | Drummond Robert Wayne Jr | Dir | D - Sale to Iss | $14.56 | -510.2K | 2.64M | -16% | -$7.43M |
| DM | 2023-10-02 | 2023-09-28 | PTEN | Drummond Robert Wayne Jr | Dir | M - OptEx | — | -3.56M | 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 | 2023-09-28 | M | A | 3,051,766 | — | 4,000,411 | D | — | — | (F1) Reflects the settlement of restricted stock units that, as previously reported, fully vested on September 1, 2023. |
| 2 | Common | Common Stock, $.01 par value per share | 2023-09-28 | F | D | 1,355,459 | $14.56 | 2,644,952 | D | — | — | (F2) Shares disposed to pay applicable withholding taxes on restricted stock units converted into common stock on September 28, 2023. |
| 3 | Common | Common Stock, $.01 par value per share | 2023-09-28 | M | A | 510,185 | — | 3,155,137 | D | — | — | (F3) Reflects the settlement of cash-settled restricted stock units that, as previously reported, fully vested on September 1, 2023. |
| 4 | Common | Common Stock, $.01 par value per share | 2023-09-28 | D | D | 510,185 | $14.56 | 2,644,952 | D | — | — | (F4) No shares were actually issued, disposed or sold. Under applicable SEC guidance, cash settlement of restricted stock units is deemed to involve the conversion of the cash-settled restricted stock 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 cash-settled restricted stock unit settlement. |
| 5 | Derivative | Restricted Stock Units | 2023-09-28 | M | D | 3,051,766 | — | 0 | D | — · — to — | 3,051,766 Common Stock, $.01 par value per share | (F1) Reflects the settlement of restricted stock units that, as previously reported, fully vested on September 1, 2023. |
| 6 | Derivative | Cash-Settled Restricted Stock Units | 2023-09-28 | M | D | 510,185 | — | 0 | D | — · — to — | 510,185 Common Stock, $.01 par value per share | (F3) Reflects the settlement of cash-settled restricted stock units that, as previously reported, fully vested on September 1, 2023. |