SUMRULD MICHAEL W (Sr. VP and CFO) exercised options at PARKER DRILLING CO /DE/
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 2 exercises
Filed: 3/30/2020ACC: 0000076321-20-000024
Officer· Sr. VP and CFO
Since Oct 2018
-8.25K
Net shares
Net seller
$247.5K
Total sold
0
Open market trades
0B · 0S
6
Total transactions
13.27K acquired · 21.52K disposed
Non-Derivative Transactions4
Common Stock
Direct
Shares
+6.63K
Price / share
—
Trade value
—
% of position
1524.8%
3/26/2020
435.00→7.07K
Common Stock
Direct
Shares
+6.63K
Price / share
—
Trade value
—
% of position
93.8%
3/26/2020
7.07K→13.70K
Common Stock
Direct
Shares
−1.62K
Price / share
$30.00
Trade value
$48.48K
% of position
11.8%
3/26/2020
13.70K→12.09K
Common Stock
Direct
Shares
−6.63K
Price / share
$30.00
Trade value
$198.99K
% of position
54.9%
3/26/2020
12.09K→5.45K
Total
Net shares
+5.02K
Net value
-$247.47K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 3/26/2020 | M · Option Exercise | +6.63K | — | — | 1524.8% | 435.00 | 7.07K |
| Common Stock Direct | 3/26/2020 | M · Option Exercise | +6.63K | — | — | 93.8% | 7.07K | 13.70K |
| Common Stock Direct | 3/26/2020 | F · Tax Withholding | −1.62K | $30.00 | $48.48K | 11.8% | 13.70K | 12.09K |
| Common Stock Direct | 3/26/2020 | D · Disposition | −6.63K | $30.00 | $198.99K | 54.9% | 12.09K | 5.45K |
| Total | +5.02K | -$247.47K | ||||||
Derivative Transactions2
Restricted Stock Units
Direct
Converts to
Common Stock
6.63K shares
Shares
−6.63K
Strike price
Held after
13.27K
Exercisable
—
3/26/2020
Phantom Stock Units
Direct
Converts to
Common Stock
6.63K shares
Shares
−6.63K
Strike price
Held after
13.27K
Exercisable
—
3/26/2020
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Units Direct | Common Stock6.63K shares | 3/26/2020 | M · Option Exercise | −6.63K | — | 13.27K | |
| Phantom Stock Units Direct | Common Stock6.63K shares | 3/26/2020 | M · Option Exercise | −6.63K | — | 13.27K |