Gary G Rich Form 4 PARKER DRILLING / Gary G Rich ownership change

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^*

Rich Gary G

(Last) (First) (Middle)

5 GREENWAY PLAZA, SUITE 100

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PARKER DRILLING CO /DE/ [ PKD ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman,President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2018

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
401K Common Stock								11,105.09(1)	I	401(k)
Common Stock	03/09/2018		M		59,652	A	$0.88	964,614	D
Common Stock	03/09/2018		M		59,652(2)	A	$0.88	1,024,266	D
Common Stock	03/09/2018		F		20,846	D	$0.88	1,003,420	D
Common Stock	03/09/2018		J(5)		59,652(2)	D	$0.88	943,768	D
Common Stock	03/10/2018		M		87,139	A	$0.88	1,030,907	D
Common Stock	03/10/2018		M		87,139(2)	A	$0.88	1,118,046	D
Common Stock	03/10/2018		F		31,420	D	$0.88	1,086,626	D
Common Stock	03/10/2018		J(5)		87,139(2)	D	$0.88	999,487	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	(3)	03/09/2018		M			59,652	03/09/2018	09/09/2018	Common Stock	59,652	$0(3)	374,539	D
Phantom Stock Units	(4)	03/09/2018		M(2)			59,652	03/09/2018	03/09/2018	Common Stock	59,652	$0(4)	293,581	D
Restricted Stock Units	(3)	03/10/2018		M			87,139	03/10/2018	03/10/2018	Common Stock	87,139	$0(3)	287,400	D
Phantom Stock Units	(4)	03/10/2018		M(2)			87,139	03/10/2018	03/10/2018	Common Stock	87,139	$0(4)	206,442	D

Explanation of Responses:

1. Shares of PKD common stock in 401(k) as of March 9, 2017.

2. Vesting of phantom stock units resulting in a cash payment in which each phantom stock unit is valued at the fair market value of one share of PKD common stock on the day of vesting. No actual shares were acquired or divested.

3. Each restricted stock unit represents a contingent right to receive one share of PKD common stock.

4. Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock.

5. Vesting of phantom stock units resulting in a cash payment in which each phantom stock unit is valued at the fair market value of one share of PKD common stock on the day of vesting. No actual shares were acquired or divested.

	Gary G. Rich	03/13/2018
	** 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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