Jared Vitemb - Oct 7, 2021 Form 4 Insider Report for FTS International, Inc. (FTSI)

Signature
/s/ Jared Vitemb
Stock symbol
FTSI
Transactions as of
Oct 7, 2021
Transactions value $
-$9,625
Form type
4
Date filed
10/12/2021, 04:49 PM
Previous filing
Sep 27, 2021
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTSI Class A Common Stock Options Exercise $0 +1.59K +332.22% $0.00 2.07K Oct 7, 2021 Direct F1
transaction FTSI Class A Common Stock Tax liability -$9.63K -380 -18.39% $25.33 1.69K Oct 7, 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 Award $0 +6.35K $0.00 6.35K Oct 7, 2021 Class A Common Stock 6.35K Direct F1
transaction FTSI Performance Stock Units Options Exercise $0 -1.59K -25% $0.00 4.76K Oct 7, 2021 Class A Common Stock 1.59K Direct F1, F2
transaction FTSI Restricted Stock Units Award $0 +3.74K $0.00 3.74K Oct 7, 2021 Class A Common Stock 3.74K Direct F3
* 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 25% and 75%, respectively, 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.
F2 The first performance threshold was determined to have been achieved and 25% of the performance stock units vested and were converted into Cass A Common Stock on October 7, 2021.
F3 Each Restricted Stock Unit converts into Class A Common Stock on a one-for-one basis. On October 7, 2021, the reporting person was granted restricted stock units which will fully vest on the first anniversary of the date of grant.