0001401257-20-000050.txt : 20200224
0001401257-20-000050.hdr.sgml : 20200224
20200224172509
ACCESSION NUMBER: 0001401257-20-000050
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200220
FILED AS OF DATE: 20200224
DATE AS OF CHANGE: 20200224
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Danford Michael Dewayne
CENTRAL INDEX KEY: 0001354986
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35504
FILM NUMBER: 20645654
MAIL ADDRESS:
STREET 1: 3300 NORTH SAM HOUSTON PARKWAY EAST
CITY: HOUSTON
STATE: TX
ZIP: 77032
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: 10344 SAM HOUSTON PARK DRIVE
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77064
BUSINESS PHONE: 281-949-2500
MAIL ADDRESS:
STREET 1: 10344 SAM HOUSTON PARK DRIVE
STREET 2: SUITE 300
CITY: HOUSTON
STATE: TX
ZIP: 77064
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_158258309216898.xml
FORM 4
X0306
4
2020-02-20
0
0001401257
FORUM ENERGY TECHNOLOGIES, INC.
FET
0001354986
Danford Michael Dewayne
10344 SAM HOUSTON PARK DRIVE
SUITE 300
HOUSTON
TX
77064
0
1
0
0
SVP - Human Resources
Common Stock
2020-02-20
4
F
0
590
1
D
126016
D
Common Stock
2020-02-20
4
M
0
1056
0
A
127072
D
Common Stock
2020-02-21
4
A
0
157376
0.96
A
284448
D
Performance Shares
2020-02-20
4
M
0
2654
D
2019-12-31
Common Stock
0.0
0
D
Performance Shares
2020-02-20
4
M
0
4223
D
2019-12-31
Common Stock
1056.0
0
D
These shares were surrendered to satisfy the tax withholding obligation related to the vesting of a restricted stock unit award granted on February 20, 2017.
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: 1/3 vest on each of the first, second, and third anniversaries of the date of grant (2/21/2020). 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 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. As determined by the Company's Compensation Committee and given the Company's relative shareholder return versus the relevant peer group over the three-year period commencing on January 1, 2017 and ending on December 31, 2019, each performance share represents the right to receive zero shares of Common Stock.
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. As determined by the Company's Compensation Committee and given the Company's relative shareholder return versus the relevant peer group over the two-year period commencing on January 1, 2018 and ending on December 31, 2019, each performance share represents the right to receive 0.25 shares of Common Stock.
/s/ Michael D. Danford by John C. Ivascu as Attorney-in- Fact
2020-02-24