Kenneth N. Berns - 22 Apr 2022 Form 4 Insider Report for PATTERSON UTI ENERGY INC (PTEN)

Role: Executive Vice President
Signature: By Barry Huntsman pursuant to a Limited Power of Attorney filed with the SEC on 3/29/2013 /s/ Barry Huntsman
Issuer symbol: PTEN
Transactions as of: 22 Apr 2022
Net transactions value: -$1,161,268
Form type: 4
Filing time: 26 Apr 2022, 19:55:50 UTC
Previous filing: 08 Apr 2022
Next filing: 29 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTEN	Common Stock, $.01 par value per share	Options Exercise	$2,592,000	+160,000	+17%	$16.20	1,111,979	22 Apr 2022	Direct	F1
transaction	PTEN	Common Stock, $.01 par value per share	Tax liability	$2,645,165	-156,797	-14%	$16.87	955,182	22 Apr 2022	Direct	F2
transaction	PTEN	Common Stock, $.01 par value per share	Tax liability	$15,487	-918	-0.1%	$16.87	954,264	23 Apr 2022	Direct	F3
transaction	PTEN	Common Stock, $.01 par value per share	Award	$0	+138,600	+15%	$0.000000	1,092,864	26 Apr 2022	Direct	F4
transaction	PTEN	Common Stock, $.01 par value per share	Tax liability	$1,092,616	-68,718	-6.3%	$15.90	1,024,146	26 Apr 2022	Direct	F5
holding	PTEN	Common Stock, $.01 par value per share						70,000	22 Apr 2022	By Trust(s)	F6

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	PTEN	Stock Option (Right to Buy)	Options Exercise	$0	-160,000	-100%	$0.000000^*	0	22 Apr 2022	Common Stock, $.01 par value per share	160,000	$16.20	Direct	F7

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

Explanation of Responses:

Id	Content
F1	Acquired upon exercise of option that would have expired April 23, 2022. Net exercise effected pursuant to a Rule 10b5-1 Sales Plan that provides for an automatic net exercise on the regular market trading date immediately preceding the expiration date for the option.
F2	Shares disposed to pay exercise price and applicable withholding taxes related to option exercised on April 22, 2022.
F3	Shares disposed to pay applicable withholding taxes on Restricted stock units converted into common stock on April 23, 2022.
F4	Shares received in settlement of the 2019 Performance Unit grant.
F5	Shares disposed of to pay applicable withholding taxes on shares received from the 2019 Performance Unit grant.
F6	Held by trust(s) for which the reporting person is the trustee.
F7	One-third of the options vested on April 24, 2013 and the remainder vested in equal monthly installments over the twenty-four months following April 24, 2013.