Nigel M. Lakey - Jun 18, 2021 Form 4 Insider Report for FRANK'S INTERNATIONAL N.V. (XPRO)

Role: SVP, Technology
Signature: /s/ Nigel M. Lakey by John Symington, as Attorney-in-Fact
Stock symbol: XPRO
Transactions as of: Jun 18, 2021
Transactions value $: -$4,121
Form type: 4
Date filed: 6/22/2021, 04:05 PM
Next filing: Jul 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPRO	Common stock, par value Euro 0.01 per share	Options Exercise		+5.11K	+22.82%		27.5K	Jun 18, 2021	Direct	F1
transaction	XPRO	Common stock, par value Euro 0.01 per share	Tax liability	-$4.12K	-1.25K	-4.52%	$3.31	26.3K	Jun 18, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XPRO	Restricted Stock Unit	Options Exercise	$0	-5.11K	-4.98%	$0.00	97.5K	Jun 18, 2021	Common Stock	5.11K		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2	In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan, Frank's International N.V. (the "Issuer") withheld vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on June 17, 2021. The withholding of vested shares pursuant to this award was approved by the Board of Supervisory Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.
F3	On June 18, 2018, the reporting person was granted 15,336 RSUs vesting ratably in three annual installments beginning on June 18, 2019.
F4	Consists of (i) 69,445 RSUs that will vest ratably in three annual installment beginning on February 22, 2022, (ii) 24,104 RSUs that will vest 50% on February 18, 2022 and 50% on February 18, 2023, and (iii) 3,920 RSUs that will vest on February 19, 2022.