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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $ 8.6 | 07/20/2015 | A | 10,000 | 07/20/2018 | 07/20/2025 | Common Stock | 10,000 | $ 0 | 10,000 | D | ||||
Restricted Stock Units | (1) | 07/20/2015 | A | 61,728 | (2) | (2) | Common Stock | 61,728 | $ 0 | 61,728 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ANDERSON J MICHAEL C/O LAYNE CHRISTENSEN COMPANY 1800 HUGHES LANDING BLVD., SUITE 700 THE WOODLANDS, TX 77380 |
CFO and Senior Vice President |
/s/Steven F. Crooke, Attorney-in-Fact for J. Michael Anderson | 07/22/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | Each restricted stock unit represents a contingent right to receive one share of Layne common stock. |
(2) | The restricted stock units will vest in 25% increments upon the achievement of a price of $9.37, $10.40, $13 and $15 for Layne common stock. For vesting to occur, the stock price must remain at or above the specified price for at least ten consecutive trading days during the three-year period beginning on July 20, 2015 and ending on July 20, 2018. Mr. Anderson must also remain employed by Layne during the three-year period. |