SEC Filing - Forum Energy Technologies, Inc.

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SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Williams David Lyle Jr.

(Last)

(First)

(Middle)

920 MEMORIAL CITY WAY

SUITE 1000

(Street)

HOUSTON

77024

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/15/2017

3. Issuer Name and Ticker or Trading Symbol
FORUM ENERGY TECHNOLOGIES, INC. [ FET ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP - Operations

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	77,972	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	⁽¹⁾	02/20/2027	Common Stock	14,153	20.1	D
Employee Stock Option (Right to Buy)	⁽²⁾	02/19/2026	Common Stock	32,900	9.39	D
Employee Stock Option (Right to Buy)	⁽³⁾	02/20/2025	Common Stock	15,170	18.68	D
Employee Stock Option (Right to Buy)	⁽⁴⁾	04/12/2022	Common Stock	31,080	20	D
Employee Stock Option (Right to Buy)	⁽⁴⁾	02/28/2022	Common Stock	4,995	17.84	D
Employee Stock Option (Right to Buy)	⁽⁴⁾	08/01/2020	Common Stock	44,300	7.68	D
Performance Shares	⁽⁵⁾	⁽⁵⁾	Common Stock	2,101	⁽⁵⁾	D
Performance Shares	⁽⁶⁾	⁽⁶⁾	Common Stock	2,101	⁽⁶⁾	D
Performance Shares	⁽⁷⁾	⁽⁷⁾	Common Stock	2,100	⁽⁷⁾	D
Performance Shares	⁽⁸⁾	⁽⁸⁾	Common Stock	4,497	⁽⁸⁾	D
Performance Shares	⁽⁹⁾	⁽⁹⁾	Common Stock	4,497	⁽⁹⁾	D
Performance Shares	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	1,784	⁽¹⁰⁾	D

Explanation of Responses:

1. The options granted under the Forum Energy Technologies, Inc. 2016 Stock Incentive Plan, are exercisable in accordance with the following schedule: 1/4 of the options become exercisable on each of the first, second, third and fourth anniversaries of the date of grant (2/20/2017).

2. 8,225 of these options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan, are exercisable. The remaining 24,675 options are exercisable in accordance with the following schedule: 1/3 of the options become exercisable on each of the second, third and fourth anniversaries of the date of grant (02/19/2016).

3. 7,585 of these options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan, are exercisable. The remaining 7,585 options are exercisable in accordance with the following schedule: 1/2 of the options become exercisable on each of the third and fourth anniversaries of the date of grant (02/20/2015).

4. These options, granted under the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan,, are all exercisable.

5. Each performance share represents a contingent right to receive shares of the Company's common stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of common stock in the first quarter of 2020, based on achievement of performance measures over a three year period, following certification by the Nominating, Governance and Compensation Committee of performance results.

6. Each performance share represents a contingent right to receive shares of the Company's common stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of common stock in the first quarter of 2019, based on achievement of performance measures over a two year period, following certification by the Nominating, Governance and Compensation Committee of performance results.

7. Each performance share represents a contingent right to receive shares of the Company's common stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of common stock in the first quarter of 2018, based on achievement of performance measures over a one year period, following certification by the Nominating, Governance and Compensation Committee of performance results.

8. Each performance share represents a contingent right to receive shares of the Company's common stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of common stock in the first quarter of 2019, based on achievement of performance measures over a three year period, following certification by the Nominating, Governance and Compensation Committee of performance results.

9. Each performance share represents a contingent right to receive shares of the Company's common stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of common stock in the first quarter of 2018, based on achievement of performance measures over a two year period, following certification by the Nominating, Governance and Compensation Committee of performance results.

10. Each performance share represents a contingent right to receive shares of the Company's common stock, based on the Company's relative shareholder return versus that of the Company's peer group. Each performance share will settle for between 0 and 2 shares of common stock in the first quarter of 2018, based on achievement of performance measures over a three year period, following certification by the Nominating, Governance and Compensation Committee of performance results.

Remarks:

	/s/ D. Lyle Williams by John C. Ivascu as Attorney-in-Fact	08/23/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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