Lance D. Turner - Jul 1, 2021 Form 4 Insider Report for FTS International, Inc. (FTSI)

Role
CFO and Treasurer
Signature
/s/ Lance D. Turner
Stock symbol
FTSI
Transactions as of
Jul 1, 2021
Transactions value $
-$228,978
Form type
4
Date filed
7/6/2021, 04:29 PM
Next filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTSI Class A Common Stock Options Exercise $0 +20.3K +637.55% $0.00 23.4K Jul 1, 2021 Direct F1
transaction FTSI Class A Common Stock Tax liability -$229K -7.97K -34.01% $28.73 15.5K Jul 1, 2021 Direct

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 FTSI Performance Stock Units Options Exercise $0 -20.3K -50% $0.00 20.3K Jul 1, 2021 Class A Common Stock 20.3K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units convert into Class A Common Stock on a one-for-one basis. The performance stock units vest in two equal installments based on either (i) the achievement of a volume-weighted average price per share of the Company's Class A Common Stock over 90 consecutive trading days or (ii) the occurrence of a Change in Control (as defined in the 2020 Equity and Incentive Compensation Plan), in each case, implying an aggregate equity market capitalization for the Company as set forth in the performance stock unit agreement. If the performance metric is not met by the seventh anniversary of the date of grant, the performance stock units will be forfeited.