21 Feb 2006director interest notice● Neutral
GREY WOLF INC director Frank M Brown received 10,000 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Feb 2006director interest notice● Neutral
GREY WOLF INC Executive Vice President & CFO David W Wehlmann received 119,643 shares and a 35,400-share option grant as part of the equity award.
14 Feb 2006substantial holder notice● Neutral
Wellington Management Company, LLP reported a GREY WOLF INC shareholding of 6,371,790 shares (3.31% of votes) in a periodic institutional filing.
14 Feb 2006substantial holder notice● Neutral
Lord, Abbett & Co. LLC reported a GREY WOLF INC shareholding of 3,125,527 shares (1.62% of votes) in a periodic institutional filing.
5 Jan 2006director interest notice● Neutral
Trevor Turbidy became a GREY WOLF INC director and company insider (initial ownership filing).
12 Dec 2005director interest notice● Neutral
GREY WOLF INC director William R Ziegler sold 100,000 shares at $8.10.
12 Dec 2005director interest notice● Neutral
GREY WOLF INC insider Richards Brothers Interests LP sold 78,000 shares at $7.96.
9 Dec 2005director interest notice● Neutral
GREY WOLF INC insider Richards Brothers Interests LP sold 22,000 shares at $7.98.
8 Dec 2005director interest notice● Neutral
GREY WOLF INC insider Richards Brothers Interests LP sold 100,000 shares at $7.93.
7 Dec 2005director interest notice● Neutral
GREY WOLF INC insider Richards Brothers Interests LP sold 100,000 shares at $7.93.
14 Sept 2005security holder rights change▲ GoodMajor
On September 13, 2005 Grey Wolf and its CIT lenders amended the credit facility to allow share buybacks, dividends and prepayments of its 3.75% convertible notes due 2023 and floating rate convertible notes due 2024. Total such payments are capped at $150.0 million and require no default, at least $35.0 million of availability afterwards, and three business days' notice. This loosens earlier limits; the filing does not say any buyback, dividend or prepayment is planned.
13 Sept 2005director interest notice● Neutral
GREY WOLF INC director William R Ziegler sold 100,000 shares at $8.00.
30 June 2005securities registration● Neutral
GREY WOLF INC amended an already-effective registration statement.
14 June 2005director interest notice● Neutral
GREY WOLF INC director William R Ziegler sold 100,000 shares at $6.71.
4 Apr 2005director interest notice● Neutral
GREY WOLF INC director William R Ziegler sold 200,000 shares at $6.50.
8 Mar 2005material agreement● Neutral
Grey Wolf completed its 2005 pay disclosure: CEO Thomas Richards gets a $500,000 salary, a $275,000 bonus, 199,800 options at $5.60 and 66,600 restricted shares. Robert Proffit became VP Human Resources on March 2, 2005, replacing Gary Lee, who retires March 31, 2005. The filing also corrects the earlier February report: executives keep their grants on retirement (at 65 or later) if they sign a non-compete, and restricted stock vests in four annual installments from 2007, not five from 2006.
22 Feb 2005material agreement● Neutral
Grey Wolf reported 2005 salaries, 2004 cash bonuses and 2005 stock option and restricted stock grants for its executive officers (excluding the CEO, whose pay was not yet set), plus director fees. For example, the CFO David Wehlmann gets a $275,000 salary, received a $118,500 bonus for 2004, and was granted 43,300 options at $5.60 and 14,400 restricted shares. Routine compensation disclosure.
14 Feb 2005substantial holder notice● Neutral
Wellington Management Company, LLP reported a GREY WOLF INC shareholding of 13,054,800 shares (6.92% of votes) in a periodic institutional filing.
11 Feb 2005substantial holder notice● Neutral
Deutsche Bank AG* reported a GREY WOLF INC shareholding of 951,100 shares (0.50% of votes) in a periodic institutional filing.
6 Jan 2005material agreement▲ GoodMajor
Grey Wolf's drilling subsidiary amended its CIT credit facility on December 31, 2004, raising the maximum borrowing from $75.0 million to $100.0 million and extending the term from January 2006 to December 31, 2008. Nothing is currently borrowed, though $18.8 million of letters of credit are outstanding. Substantially all assets are pledged as collateral and Grey Wolf, Inc. guarantees the debt.
19 Nov 2004director interest notice● Neutral
GREY WOLF INC director William R Ziegler sold 200,000 shares at $5.18.
3 Nov 2004director interest notice● Neutral
Kent D Cauley became a GREY WOLF INC Vice President & Controller and company insider (initial ownership filing).
15 Sept 2004director interest notice● Neutral
GREY WOLF INC director Steven A Webster disposed of 1,545,585 shares via option/appreciation-right settlement.
15 Sept 2004director interest notice● Neutral
GREY WOLF INC director William R Ziegler disposed of 1,545,585 shares via option/appreciation-right settlement.
18 Aug 2004director interest notice● Neutral
GREY WOLF INC director Steven A Webster sold 275,000 shares at $4.05.
18 Aug 2004director interest notice● Neutral
GREY WOLF INC director James K B Nelson gifted 500,000 shares.
18 Aug 2004director interest notice● Neutral
GREY WOLF INC director William R Ziegler sold 275,000 shares at $4.05.
11 Aug 2004securities registration● Neutral
GREY WOLF INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
14 June 2004director interest notice● Neutral
GREY WOLF INC director James K B Nelson gifted 500,000 shares.
2 June 2004securities registration● Neutral
GREY WOLF INC amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.