0001401257-18-000054.txt : 20180221
0001401257-18-000054.hdr.sgml : 20180221
20180221195221
ACCESSION NUMBER: 0001401257-18-000054
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180216
FILED AS OF DATE: 20180221
DATE AS OF CHANGE: 20180221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MCCULLOCH JAMES L
CENTRAL INDEX KEY: 0001180364
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35504
FILM NUMBER: 18630286
MAIL ADDRESS:
STREET 1: C/O GLOBALSANTAFE CORP
CITY: HOUSTON
STATE: TX
ZIP: 77079
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FORUM ENERGY TECHNOLOGIES, INC.
CENTRAL INDEX KEY: 0001401257
STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
IRS NUMBER: 611488595
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 920 MEMORIAL CITY WAY
STREET 2: SUITE 1000
CITY: HOUSTON
STATE: TX
ZIP: 77024
BUSINESS PHONE: 713-351-7900
MAIL ADDRESS:
STREET 1: 920 MEMORIAL CITY WAY
STREET 2: SUITE 1000
CITY: HOUSTON
STATE: TX
ZIP: 77024
FORMER COMPANY:
FORMER CONFORMED NAME: FORUM OILFIELD TECHNOLOGIES, INC.
DATE OF NAME CHANGE: 20100726
FORMER COMPANY:
FORMER CONFORMED NAME: FORUM OILFIELD TECHNOLOGIES INC
DATE OF NAME CHANGE: 20070529
4
1
wf-form4_151926072729719.xml
FORM 4
X0306
4
2018-02-16
0
0001401257
FORUM ENERGY TECHNOLOGIES, INC.
FET
0001180364
MCCULLOCH JAMES L
920 MEMORIAL CITY WAY
SUITE 1000
HOUSTON
TX
77024
0
1
0
0
EVP and Gen Counsel
Common Stock
2018-02-16
4
A
0
20000
0
A
383587
D
Common Stock
2018-02-20
4
F
0
1463
11.55
D
382124
D
Common Stock
2018-02-21
4
F
0
487
11.50
D
381637
D
Employee Stock Option (Right to Buy)
12.0
2018-02-16
4
A
0
42830
0
A
2028-02-16
Common Stock
42830.0
42830
D
Performance Shares
2018-02-16
4
A
0
6666
0
A
2018-12-31
Common Stock
6666.0
6666
D
Performance Shares
2018-02-16
4
A
0
6667
0
A
2019-12-31
Common Stock
6667.0
6667
D
Performance Shares
2018-02-16
4
A
0
6667
0
A
2020-12-31
Common Stock
6667.0
6667
D
Represents an award of restricted stock units (the "Units") granted pursuant to the Forum Energy Technologies, Inc. 2016 Stock and Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive one share of Forum Energy Technologies, Inc. (the "Company") common stock, par value $0.01 per share ("Common Stock"), upon the vesting of the Units. The Units vest according to the following schedule: 1/4 vest on each of the first, second, third and fourth anniversaries of the date of grant (2/16/2018). The Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable were the shares of Common Stock underlying the Units actually outstanding at the time such dividends were issued. The credited dividends will be paid concurrently with the issuance of the shares of Common Stock to the reporting person.
These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock unit awards granted on February 21, 2014, February 20, 2015 and February 20, 2017.
These options are exercisable in accordance with the following schedule: 1/4 of the options become exercisable on each of the first, second, third and fourth anniversaries of the date of grant (2/16/2018).
These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between zero and two shares of Common Stock in the first quarter of 2019, based on achievement of performance measures over a one-year period, following certification by the Compensation Committee of the performance results.
These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between zero and two shares of Common Stock in the first quarter of 2020, based on achievement of performance measures over a two-year period, following certification by the Compensation Committee of the performance results.
These performance shares represent a contingent right to receive Common Stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between zero and two shares of Common Stock in the first quarter of 2021, based on achievement of performance measures over a three-year period, following certification by the Compensation Committee of the performance results.
/s/ James L. McCulloch by John C. Ivascu as Attorney-in- Fact
2018-02-21