Filing Details
- Accession Number:
- 0001246360-16-005053
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-03-11 17:21:09
- Reporting Period:
- 2016-03-09
- Filing Date:
- 2016-03-11
- Accepted Time:
- 2016-03-11 17:21:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 76321 | Parker Drilling Co | PKD | Drilling Oil & Gas Wells (1381) | 730618660 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1472434 | Jon-Al Duplantier | 5 Greenway Plaza, Suite 100 Houston TX 77046 | Sr. Vp, Cao & General Counsel | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-03-09 | 26,263 | $2.02 | 238,339 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-03-09 | 10,500 | $2.04 | 227,839 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2016-03-10 | 47,000 | $0.00 | 274,839 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2016-03-10 | 12,855 | $2.09 | 261,984 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2016-03-09 | 26,263 | $0.00 | 26,263 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2016-03-10 | 122,218 | $0.00 | 122,218 | $0.00 |
| Common Stock | Phantom Stock Units | Acquisiton | 2016-03-10 | 122,218 | $0.00 | 122,218 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 223,272 | 2016-03-09 | 2017-03-09 | No | 4 | M | Direct |
| 345,490 | 2017-03-10 | 2019-03-10 | No | 4 | A | Direct |
| 122,218 | 2017-03-10 | 2019-03-10 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| 401K Common Stock | 16,461 | Indirect | 401K |
Footnotes
- Shares of PKD common stock in 401(k) as of March 9, 2016.
- Each restricted stock unit represents a contingent right to receive one share of PKD common stock.
- Sale made pursuant to a prearranged trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the policies of the Company regarding transaction in the securities. The trading plan is part of an individual long-term asset diversification, tax and financial planning strategy.
- Represents Performance Share Units (PSUs) that vested on March 10, 2016 and were initially granted in May 2013. Each PSU represented the right to receive one share of PKD Common Stock, subject to increase or decrease based upon annual total shareholder return (TSR) of the Company as compared to the TSR for each performance peer of the Company and subject to the discretion of the Compensation Committee to reduce the award by up to 20%. The PSUs awarded represent a payout factor of 1.601 times the initial number of PSUs granted.
- Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock.
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