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NEX NexTier Oilfield Solutions Inc

10.61
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NexTier Oilfield Solutions Inc NYSE:NEX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.61 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

04/01/2021 9:31pm

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 *

Drummond Robert Wayne Jr
2. Issuer Name and Ticker or Trading Symbol

NEXTIER OILFIELD SOLUTIONS INC. [ NEX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

3990 ROGERDALE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2020
(Street)

HOUSTON, TX 77042
(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 12/31/2020  M  53671 A (1)301237 D  
Common Stock 12/31/2020  F  21120 D$3.44 280117 D  
Common Stock 12/31/2020  M  161013 A (1)441130 D  
Common Stock 12/31/2020  F  63359 D$3.44 377771 D  
Common Stock 1/2/2021  M  152357 A (1)530128 D  
Common Stock 1/2/2021  F  39058 D$3.44 491070 D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)12/31/2020  M     53671   (2) (2)Common Stock 53671.0 $0 770316 D  
Restricted Stock Units  (1)12/31/2020  M     161013   (3) (3)Common Stock 161013.0 $0 609303 D  
Restricted Stock Units  (1)1/2/2021  M     152357   (4) (4)Common Stock 152357.0 $0 456946 D  

Explanation of Responses:
(1) Restricted Stock Units convert into common stock on a one-for-one basis.
(2) On August 6, 2018, the reporting person was granted 161,013 shares that vested in three equal annual installments on each of December 31, 2018, 2019 and 2020.
(3) On August 6, 2018, the reporting person was granted 161,013 restricted stock units that vest 100% on December 31, 2020.
(4) On January 2, 2020, the reporting person was granted 448,109 restricted stock units that vest in three annual installments (34%, 33%, 33%) on each of January 2, 2021, 2022 and 2023.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Drummond Robert Wayne Jr
3990 ROGERDALE
HOUSTON, TX 77042
X
President & CEO

Signatures
/s/ Kevin McDonald, attorney-in-fact1/4/2021
**Signature of Reporting PersonDate

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