John Symington - Jun 25, 2021 Form 4 Insider Report for FRANK'S INTERNATIONAL N.V. (XPRO)

Role: SVP, GC, Sec. & CCO
Signature: /s/ John Symington
Stock symbol: XPRO
Transactions as of: Jun 25, 2021
Transactions value $: -$11,313
Form type: 4
Date filed: 6/28/2021, 04:05 PM
Next filing: Aug 23, 2024

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		+8.17K	+18.41%		52.5K	Jun 25, 2021	Direct	F1
transaction	XPRO	Common stock, par value Euro 0.01 per share	Tax liability	-$11.3K	-3.21K	-6.12%	$3.52^*	49.3K	Jun 25, 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	-8.17K	-5.6%	$0.00	138K	Jun 25, 2021	Common Stock	8.17K		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 24, 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 25, 2018, the reporting person was granted 24,497 RSUs vesting ratably in three annual installments beginning on June 25, 2019.
F4	Consists of (i) 93,006 RSUs that will vest ratably in three annual installments beginning on February 22, 2022, (ii) 34,435 RSUs that will vest 50% on February 18, 2022 and 50% on February 18, 2023, and (iii) 10,117 RSUs that will vest on February 19, 2022.