John A. Carrig - May 21, 2021 Form 4 Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Role
Director
Signature
/s/ John A. Carrig by John C. Ivascu as Attorney-in- Fact
Stock symbol
FET
Transactions as of
May 21, 2021
Transactions value $
$1,114,000
Form type
4
Date filed
5/25/2021, 11:01 AM
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FET Common Stock Purchase $1.11M +50K +5555.56% $22.28 50.9K May 21, 2021 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were purchased in three transactions at prices ranging between $22.21 and $22.48. The reporting person undertakes to provide to any security holder of Forum Energy Technologies, Inc. (the "Company") or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price set forth in this footnote.
F2 In connection with a 1-for-20 reverse stock split of Company issued and outstanding shares of common stock, par value $0.01 per share, and corresponding decrease in the Company's authorized shares of common stock, the Company filed an amendment to its Third Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the "Amendment"). The Amendment, effective after market close on November 9, 2020, converted each 20 issued and outstanding shares of common stock into one new share of common stock.
F3 50,000 shares of the Company's common stock were purchased by the John A. Carrig Remainder Trust, Exempt Trust (the "Carrig Trust") for the benefit of Mr. Carrig's children. Mr. Carrig serves as trustee of the Carrig Trust and disclaims beneficial ownership of the shares held by the trust.