C. Christopher Gaut - Feb 17, 2022 Form 4 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
Stock symbol
FET
Transactions as of
Feb 17, 2022
Transactions value $
-$211,351
Form type
4
Date filed
2/22/2022, 02:23 PM
Previous filing
Jan 31, 2022
Next filing
Mar 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction FET Common Stock +Options Exercise $0 +6,000 +1.99% $0.00 307,985 Feb 17, 2022 Direct F1
transaction FET Common Stock +Options Exercise $0 +2,276 +0.74% $0.00 310,261 Feb 17, 2022 Direct F1
transaction FET Common Stock +Options Exercise +11,159 +3.6% 321,420 Feb 19, 2022 Direct F2
transaction FET Common Stock -Options Exercise -$211,351 -11,159 -3.47% $18.94 310,261 Feb 19, 2022 Direct F2

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 Performance Shares -Options Exercise -15,000 -100% 0 Feb 17, 2022 Common Stock 6,000 Direct F1
transaction FET Performance Shares -Options Exercise -5,690 -100% 0 Feb 17, 2022 Common Stock 2,276 Direct F1
transaction FET Phantom Stock Units -Options Exercise $0 -11,159 -33.33% $0.00 22,317 Feb 19, 2022 Phantom Stock Units 11,159 Direct F2
transaction FET Phantom Stock Units +Grant/Award $0 +33,085 $0.00 33,085 Feb 18, 2022 Common Stock 33,085 Direct F3

Explanation of Responses:

Id Content
F1 Reflects the vesting of performance shares granted in February 2019, which were earned at 40% of target.
F2 Represents the cash settlement of a portion of the phantom stock units granted on February 19, 2021 and that vested on February 19, 2022.
F3 Represents an award of cash-settled phantom units (the "Phantom Units") granted pursuant to the Forum Energy Technologies, Inc. Second Amended and Restated 2016 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, upon the vesting of the Phantom Units. The Phantom Units may vest based on continuous service according to the following schedule: 1/2 on each of the first and second anniversaries of the grant date. The Phantom Units will be forfeited upon a termination of service 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. The credited dividends will be paid concurrently with the settlement of the Phantom Units.