0000076321-20-000024.txt : 20200330
0000076321-20-000024.hdr.sgml : 20200330
20200330163502
ACCESSION NUMBER: 0000076321-20-000024
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200326
FILED AS OF DATE: 20200330
DATE AS OF CHANGE: 20200330
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sumruld Michael W
CENTRAL INDEX KEY: 0001694261
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07573
FILM NUMBER: 20757604
MAIL ADDRESS:
STREET 1: C/O LYONDELLBASELL INDUSTRIES N.V.
STREET 2: DELFTSEPLEIN 27E
CITY: ROTTERDAM
STATE: P7
ZIP: 3013AA
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PARKER DRILLING CO /DE/
CENTRAL INDEX KEY: 0000076321
STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381]
IRS NUMBER: 730618660
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5 GREENWAY PLAZA
STREET 2: SUITE 100
CITY: HOUSTON
STATE: TX
ZIP: 77046
BUSINESS PHONE: 281-406-2000
MAIL ADDRESS:
STREET 1: 5 GREENWAY PLAZA
STREET 2: SUITE 100
CITY: HOUSTON
STATE: TX
ZIP: 77046
4
1
wf-form4_158560048499247.xml
FORM 4
X0306
4
2020-03-26
0
0000076321
PARKER DRILLING CO /DE/
PKD
0001694261
Sumruld Michael W
5 GREENWAY PLAZA, SUITE 100
HOUSTON
TX
77046
0
1
0
0
Sr. VP and CFO
Common Stock
2020-03-26
4
M
0
6633
A
7068
D
Common Stock
2020-03-26
4
M
0
6633
A
13701
D
Common Stock
2020-03-26
4
F
0
1616
30
D
12085
D
Common Stock
2020-03-26
4
D
0
6633
30
D
5452
D
Restricted Stock Units
2020-03-26
4
M
0
6633
D
Common Stock
6633.0
13266
D
Phantom Stock Units
2020-03-26
4
M
0
6633
D
Common Stock
6633.0
13266
D
Each restricted stock unit represents a contingent right to receive one share of common stock of Parker Drilling Company (the "Issuer").
Each phantom stock unit represents a contingent right to receive a cash amount equivalent to the fair market value of one share of the Issuer's common stock on the settlement date.
On February 21, 2020, the Issuer and the Reporting Person agreed to amend and restate the award agreement concerning the restricted stock units to convert one-half of the restricted stock units into phantom stock units. The restricted stock units and phantom stock units will vest in equal installments on each of March 26, 2020, March 26, 2021 and March 26, 2022. The restricted stock units and phantom stock units do not expire. The vested restricted stock units will settle in shares of Issuer common stock, and the vested phantom stock units will settle in cash at the fair market value of the equivalent number of shares of Issuer common stock, with such settlement to occur as soon as practicable following each applicable vesting date.
/s/ Michael W. Sumruld
2020-03-27