UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | (1) | (1) | Common Stock | 73,733 | $ (4) | D | |
Restricted Stock Units | (2) | (2) | Common Stock | 47,444 | $ (4) | D | |
Restricted Stock Units | (3) | (3) | Common Stock | 27,557 | $ (4) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Bump David M NINE GREENWAY PLAZA, SUITE 300 HOUSTON, TX 77046 |
See Remarks |
/s/ Shahid A. Ghauri attorney-in-fact | 11/16/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The vesting of the restricted stock units is subject to service and performance conditions during calendar year 2016 and a service condition thereafter until December 14, 2018. If these conditions are met, then the restricted stock units will vest on December 14, 2018. The number of restricted stock units eligible for vesting is subject to adjustment to reflect the achievement of performance goals by the reporting person during the applicable performance period. |
(2) | The vesting of the restricted stock units is subject to service and performance conditions during calendar year 2017 and a service condition thereafter until December 13, 2019. If these conditions are met, then the restricted stock units will vest on December 13, 2019. The number of restricted stock units eligible for vesting is subject to adjustment to reflect the achievement of performance goals by the reporting person during the applicable performance period. |
(3) | The vesting of the restricted stock units is subject to service and performance conditions during calendar year 2018 and a service condition thereafter until December 15, 2020. If these conditions are met, then the restricted stock units will vest on December 15, 2020. The number of restricted stock units eligible for vesting is subject to adjustment to reflect the achievement of performance goals by the reporting person during the applicable performance period. |
(4) | Each restricted stock unit represents a contingent right to receive one share of WTI stock or its cash equivalent, as determined at the time of settlement by WTI. |
Remarks: Executive Vice President, Drilling, Completions and Facilities |