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PTEN Patterson UTI Energy Inc

10.585
-0.235 (-2.17%)
Last Updated: 17:41:47
Delayed by 15 minutes
Share Name Share Symbol Market Type
Patterson UTI Energy Inc NASDAQ:PTEN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.235 -2.17% 10.585 10.58 10.59 10.93 10.55 10.82 2,450,880 17:41:47

Statement of Changes in Beneficial Ownership (4)

23/04/2015 10:39pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BERNS KENNETH N
2. Issuer Name and Ticker or Trading Symbol

PATTERSON UTI ENERGY INC [ PTEN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Senior Vice President
(Last)          (First)          (Middle)

1801 CENTURY PARK EAST, SUITE 1111
3. Date of Earliest Transaction (MM/DD/YYYY)

4/21/2015
(Street)

LOS ANGELES, CA 90067
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.01 par value per share   4/21/2015     A    44500   (1) A $0.00   311741   D    
Common Stock, $.01 par value per share   4/21/2015     A    96000   (2) A $20.33   407741   D    
Common Stock, $.01 par value per share   4/21/2015     F    50093   (3) D $20.33   357648   D    
Common Stock, $.01 par value per share   4/22/2015     F    8226   (4) D $20.33   349422   D    
Common Stock, $.01 par value per share                  140000   I   By Trusts(s)   (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   $20.33   4/21/2015     A      154200         (6) 4/20/2025   Common Stock, $.01 par value per share   154200   $0.00   154200   D    

Explanation of Responses:
( 1)  One-third of the shares vests on April 21, 2016 and the remainder vests in equal monthly installments over the twenty-four months following April 21, 2016.
( 2)  Shares received in settlement of the 2012 Performance Unit grant.
( 3)  Shares disposed to pay applicable withholding taxes on shares received from 2012 Performance Unit grant.
( 4)  Shares disposed to pay applicable withholding taxes on restricted stock vested on 04/22/2015.
( 5)  Held by trust(s) for which the reporting person is the trustee.
( 6)  One-third of the options vests on April 21, 2016 and the remainder vests in equal monthly installments over the twenty-four months following April 21, 2016.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BERNS KENNETH N
1801 CENTURY PARK EAST
SUITE 1111
LOS ANGELES, CA 90067
X
Senior Vice President

Signatures
By Barry Huntsman pursuant to a Limited Power of Attorney filed with the SEC on 3/29/2013 /s/ Barry Huntsman 4/23/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

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