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