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