0001019687-13-003375.txt : 20130829
0001019687-13-003375.hdr.sgml : 20130829
20130829181442
ACCESSION NUMBER: 0001019687-13-003375
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130828
FILED AS OF DATE: 20130829
DATE AS OF CHANGE: 20130829
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PAM TRANSPORTATION SERVICES INC
CENTRAL INDEX KEY: 0000798287
STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213]
IRS NUMBER: 710633135
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 297 WEST HENRI DE TONTI BLVD
CITY: TONTITOWN
STATE: AR
ZIP: 72770
BUSINESS PHONE: 4793619111
MAIL ADDRESS:
STREET 1: 297 WEST HENRI DE TONTI BLVD
CITY: TONTITOWN
STATE: AR
ZIP: 72770
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STEWART LANCE
CENTRAL INDEX KEY: 0001510697
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-15057
FILM NUMBER: 131070286
MAIL ADDRESS:
STREET 1: POST OFFICE BOX 188
CITY: TONTITOWN
STATE: AR
ZIP: 72770
4
1
stewart_frm4-082813.xml
FORM 4
X0306
4
2013-08-28
1
0000798287
PAM TRANSPORTATION SERVICES INC
PTSI
0001510697
STEWART LANCE
POST OFFICE BOX 188
TONTITOWN
AR
72770
0
0
0
1
FORMER CHIEF FINANCIAL OFFICER
STOCK OPTION (Right to Buy)
11.22
2012-07-27
4
A
0
83.5
0
A
2012-07-27
2020-11-30
Common Stock
83.5
83.5
D
STOCK OPTION (Right to Buy)
11.22
2013-07-27
4
A
0
83.5
0
A
2013-07-27
2020-11-30
Common Stock
83.5
167
D
STOCK OPTION (Right to Buy)
11.22
2013-08-28
4
H
0
167
1.28
A
2020-11-30
Common Stock
167
0
D
STOCK OPTION (Right to Buy)
11.22
2013-08-28
4
H
0
7500
1.28
A
2020-11-30
Common Stock
7500
0
D
STOCK OPTION (Right to Buy)
10.90
2013-08-28
4
H
0
15000
1.60
A
2022-05-24
Common Stock
1500
0
D
On November 30, 2010, the reporting person was granted an option for 6,400 shares to vest based on the satisfaction of certain quarterly and annual performance criteria by P.A.M. Transportation Services, Inc. (the "Company") for each quarter in 2011 and for the year ended 2011. The earned shares became exercisable in five equal annual installments beginning on the first anniversary of the date of the Company's earnings release in which the applicable performance criteria were met. The performance criteria for the second quarter of 2011 were met, resulting in the vesting of 83.5 shares on July 27, 2012, and 83.5 shares on July 27, 2013. The option was canceled on August 28, 2013 by mutual agreement of the reporting person and the Company. The reporting person received $213.76 as consideration for the cancellation, representing a value of $12.50 per share for the 167 vested shares under the option, less the exercise price of $11.22 per vested share.
On November 30, 2010, the reporting person was granted an option for 7,500 shares to vest in five equal annual installments beginning on November 30, 2011. The option was canceled on August 28, 2013 by mutual agreement of the reporting person and the Company. The reporting person received $3,840.00 as consideration for the cancellation, representing a value of $12.50 per share for the 3,000 vested shares under the option, less the exercise price of $11.22 per vested share.
On May 24, 2012, the reporting person was granted an option for 15,000 shares to vest in five equal annual installments beginning on May 24, 2013. The option was canceled on August 28, 2013 by mutual agreement of the reporting person and the Company. The reporting person received $4,800.00 as consideration for the cancellation, representing a value of $12.50 per share for the 3,000 vested shares under the option, less the exercise price of $10.90 per vested share.
/s/ C. Douglas Buford, Jr. as Attorney-in-fact for Lance Stewart
2013-08-29