SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Bernard A Patrick

(Last) (First) (Middle)
1001 LOUISIANA STREET, SUITE 2900

(Street)
HOUSTON TX 77002

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SUPERIOR ENERGY SERVICES INC [ SPN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
09/28/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 09/28/2020 D 787 D $0.00(1) 12,741 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 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: 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
Restricted Stock Units $0.00 09/28/2020 D 3,557 (2) (2) Common Stock 3,557 $0.00 0 D
Phantom Stock Units $0.00 09/28/2020 D 41,634 (3) (3) Common Stock 41,634 $0.00 0 D
Stock Option (Right to Buy) $0.00 09/28/2020 D 5,163(4) (5) (5) Common Stock 5,163 $0.00 0 D
Explanation of Responses:
1. The reported transaction involved the reporting person's voluntary forfeiture of 787 shares of unvested restricted stock in connection with the Issuer adopting a key employee retention plan.
2. The reported transaction involved the reporting person's voluntary forfeiture of 3,557 shares of unvested restricted stock in connection with the Issuer adopting a key employee retention plan.
3. The reported transaction involved the reporting person's voluntary forfeiture of 41,634 shares of unvested phantom stock in connection with the Issuer adopting a key employee retention plan.
4. Reflects a reverse stock split of the Issuer's common stock at a ratio of one-for-ten, effective on December 18, 2019, whereby the the resulting fractional share was rounded down to the nearest whole share.
5. The reported transaction involved the reporting person's voluntary forfeiture of unvested stock options to acquire 5,163 shares of Issuer's common stock in connection with the Issuer adopting a key employee retention plan.
Remarks:
/s/ William B. Masters, on behalf of A. Patrick Bernard, pursuant to a power of attorney 09/30/2020
** 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).
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