Kenneth N. Berns - Apr 22, 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
Stock symbol
PTEN
Transactions as of
Apr 22, 2022
Transactions value $
-$1,161,268
Form type
4
Date filed
4/26/2022, 07:55 PM
Previous filing
Apr 8, 2022
Next filing
Apr 29, 2022

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 $2.59M +160K +16.81% $16.20 1.11M Apr 22, 2022 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability -$2.65M -157K -14.1% $16.87 955K Apr 22, 2022 Direct F2
transaction PTEN Common Stock, $.01 par value per share Tax liability -$15.5K -918 -0.1% $16.87 954K Apr 23, 2022 Direct F3
transaction PTEN Common Stock, $.01 par value per share Award $0 +139K +14.52% $0.00 1.09M Apr 26, 2022 Direct F4
transaction PTEN Common Stock, $.01 par value per share Tax liability -$1.09M -68.7K -6.29% $15.90 1.02M Apr 26, 2022 Direct F5
holding PTEN Common Stock, $.01 par value per share 70K Apr 22, 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 -160K -100% $0.00* 0 Apr 22, 2022 Common Stock, $.01 par value per share 160K $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.