C. Christopher Gaut - 19 Feb 2021 Form 4/A - Amendment Insider Report for FORUM ENERGY TECHNOLOGIES, INC. (FET)

Role: Exec. COB, Director
Signature: /s/ C. Christopher Gaut by John C. Ivascu as Attorney-in- Fact
Issuer symbol: FET
Transactions as of: 19 Feb 2021
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 22 Feb 2022, 14:22:28 UTC
Date Of Original Report: 23 Feb 2021
Next filing: 03 Aug 2021
SEC: View on sec.gov

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	FET	Phantom Stock Units	Award	$0	+33,476		$0.000000	33,476	19 Feb 2021	Phantom Stock Units	33,476		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents an award of cash-settled phantom units (the "Phantom Units") granted pursuant to the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan (the "Plan"). Each Phantom Unit represents a contingent right to receive a cash payment equivalent to the fair market value of one share of Common Stock, par value $0.01 (the "Common Stock"), upon the vesting of the Phantom Units. The Phantom Units may vest based on continuous service according to the following schedule: 1/3 on each of the first, second, and third anniversaries of the grant date. The Phantom Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The Phantom Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable if the Phantom Units were shares of Common Stock outstanding at the time such dividends were issued.
F2	This Form 4/A is filed in order to correct the number of Phantom Units granted and the number of Phantom Units beneficially owned following the reported transaction. The original Form 4 overstated these amounts.

Content

Represents an award of cash-settled phantom units (the "Phantom Units") granted pursuant to the Forum Energy Technologies, Inc. 2016 Second Amended and Restated Stock and Incentive Plan (the "Plan"). Each Phantom Unit represents a contingent right to receive a cash payment equivalent to the fair market value of one share of Common Stock, par value $0.01 (the "Common Stock"), upon the vesting of the Phantom Units. The Phantom Units may vest based on continuous service according to the following schedule: 1/3 on each of the first, second, and third anniversaries of the grant date. The Phantom Units will be forfeited upon a termination of employment prior to vesting, except in limited circumstances. The Phantom Units also include dividend equivalent rights that entitle the reporting person to the same dividends that would be payable if the Phantom Units were shares of Common Stock outstanding at the time such dividends were issued.

This Form 4/A is filed in order to correct the number of Phantom Units granted and the number of Phantom Units beneficially owned following the reported transaction. The original Form 4 overstated these amounts.