FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/29/2021 |
3. Issuer Name and Ticker or Trading Symbol
TETRA TECHNOLOGIES INC [ TTI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 40,943 | D | |
Common Stock | 2,441 | I | by Spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Incentive Stock Option (Right to Buy) | 05/20/2015(1) | 05/02/2024 | Common Stock | 5,200 | $11.16 | D | |
Incentive Stock Option (Right to Buy) | 05/20/2014(2) | 05/20/2023 | Common Stock | 4,800 | $10.3 | D | |
Incentive Stock Option (Right to Buy) | 05/04/2016(3) | 05/04/2025 | Common Stock | 4,495 | $7.15 | D | |
Incentive Stock Option (Right to Buy) | 05/02/2017(4) | 05/02/2026 | Common Stock | 6,142 | $7.14 | D | |
Incentive Stock Option (Right to Buy) | 05/20/2013(5) | 05/20/2022 | Common Stock | 3,285 | $6.81 | D | |
Incentive Stock Option (Right to Buy) | 02/22/2018(6) | 02/22/2027 | Common Stock | 2,451 | $4.51 | I | By Spouse |
Incentive Stock Option (Right to Buy) | 02/22/2019(7) | 02/22/2028 | Common Stock | 13,115 | $3.87 | D | |
Incentive Stock Option (Right to Buy) | 02/22/2019(7) | 02/22/2028 | Common Stock | 3,281 | $3.87 | I | By Spouse |
Restricted Stock Unit | (9) | (9) | Common Stock | 4,772 | $0.00(8) | D | |
Restricted Stock Unit | (11) | (11) | Common Stock | 10,812 | $0.00(10) | D | |
Restricted Stock Unit | (13) | (13) | Common Stock | 20,716 | $0.00(12) | D |
Explanation of Responses: |
1. This stock option award was granted pursuant to the TETRA Technologies, Inc. 2011 Amended and Restated Long Term Incentive Compensation Plan. One-third of the award vested on May 20, 2015, and the remaining stock options vested in monthly installments thereafter until May 20, 2017. |
2. This stock option award was granted pursuant to the TETRA Technologies, Inc. 2011 Amended and Restated Long Term Incentive Compensation Plan. One-third of the award vested on May 20, 2014, and the remaining stock options vested in monthly installments thereafter until May 20, 2016. |
3. This stock option award was granted pursuant to the TETRA Technologies, Inc. 2011 Second Amended and Restated Long Term Incentive Compensation Plan. One-third of the award vested on May 4, 2016, and the remaining stock options vested in monthly installments thereafter until May 4, 2018. |
4. This stock option award was granted pursuant to the TETRA Technologies, Inc. 2011 Second Amended and Restated Long Term Incentive Compensation Plan. One-third of the award vested on May 2, 2017, and the remaining stock options vested in monthly installments thereafter until May 2, 2019. |
5. This stock option award was granted pursuant to the TETRA Technologies, Inc. 2011 Long Term Incentive Compensation Plan. One-third of the award vested on May 20, 2013, and the remaining stock options vested in monthly installments thereafter until May 20, 2015. |
6. This stock option award was granted pursuant to the TETRA Technologies, Inc. 2011 Third Amended and Restated Long Term Incentive Compensation Plan. One-third of the award vested on February 22, 2018, and the remaining stock options vested in monthly installments thereafter until February 22, 2020. |
7. This stock option award was granted pursuant to the TETRA Technologies, Inc. 2011 Third Amended and Restated Long Term Incentive Compensation Plan. One-third of the award vested on February 22, 2019, and the remaining stock options vested in monthly installments thereafter until February 22, 2021. |
8. Each restricted stock unit ("RSU") represents the contingent right to receive one share of Issuer's common stock upon vesting of the unit. The closing price of the Issuer's common stock on the date of this RSU award was $2.50. |
9. The RSU was granted pursuant to the TETRA Technologies, Inc. 2018 Equity Incentive Plan. One-third of the award vested on February 21, 2020, and one-sixth at the completion of each six-month period thereafter until February 21, 2022, subject to continued service with the Issuer on each respective vesting date. Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion. |
10. Each restricted stock unit ("RSU") represents the contingent right to receive one share of Issuer's common stock upon vesting of the unit. The closing price of the Issuer's common stock on the date of this RSU award was $1.42. |
11. The RSU was granted pursuant to the TETRA Technologies, Inc. 2018 Equity Incentive Plan. One-third of the award vested on February 20, 2021, and one-sixth at the completion of each six-month period thereafter until February 20, 2023, subject to continued service with the Issuer on each respective vesting date. Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion. |
12. Each restricted stock unit ("RSU") represents the contingent right to receive one share of Issuer's common stock upon vesting of the unit. The closing price of the Issuer's common stock on the date of this RSU award was $2.63. |
13. The RSU was granted pursuant to the TETRA Technologies, Inc. 2018 Equity Incentive Plan. One-third of the award will vest on February 17, 2022, and one-sixth at the completion of each six-month period thereafter until February 17, 2024, subject to continued service with the Issuer on each respective vesting date. Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion. |
Remarks: |
Kimberly M. O'Brien, attorney in fact | 08/04/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |