0001434842-19-000019.txt : 20190305 0001434842-19-000019.hdr.sgml : 20190305 20190305165528 ACCESSION NUMBER: 0001434842-19-000019 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190301 FILED AS OF DATE: 20190305 DATE AS OF CHANGE: 20190305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Crisp John E. CENTRAL INDEX KEY: 0001513215 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35281 FILM NUMBER: 19659256 MAIL ADDRESS: STREET 1: 3000 SOUTH BUSINESS HIGHWAY 281 CITY: ALICE STATE: TX ZIP: 78332 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Forbes Energy Services Ltd. CENTRAL INDEX KEY: 0001434842 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3000 SOUTH BUSINESS HIGHWAY 281 CITY: ALICE STATE: TX ZIP: 78332 BUSINESS PHONE: 361-664-0549 MAIL ADDRESS: STREET 1: 3000 SOUTH BUSINESS HIGHWAY 281 CITY: ALICE STATE: TX ZIP: 78332 4 1 wf-form4_155182291485041.xml FORM 4 X0306 4 2019-03-01 0 0001434842 Forbes Energy Services Ltd. FLSS 0001513215 Crisp John E. 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332 1 1 0 0 President & CEO Restricted Stock Units 2019-03-01 4 A 0 9220 0 A Common Stock, par value $0.01 9220.0 5532 D Restricted Stock Units 2019-03-01 4 M 0 3688 0 D Common Stock, par value $0.01 3688.0 3688 D Each restricted stock unit represents a contingent right to receive one share of Company common stock, par value $0.01 per share. Represents the total number of exit financing restricted stock units granted on August 28, 2017 under the Company's management incentive plan. The number of restricted stock units that are ultimately earned is determined by the date on which a debt repayment condition is met as described in the Company's management incentive plan. The number of restricted stock units that are ultimately earned vest as follows: 40% on the first day following the date that is eighteen (18) months after the date of grant, 20% each on the second and third anniversaries of the date of grant, and 20% one day prior to the fourth anniversary of the date of grant. The restricted stock units, once vested, will generally entitle the Reporting Person to receive the applicable number of shares of Company common stock. Represents the maximum number of vested restricted stock units for which shares could be issued in accordance with the provisions of the grant made on August 28, 2017. /s/ L. Melvin Cooper, Power of Attorney for John E. Crisp 2019-03-05