1 July 2011director interest notice● Neutral
UNIT CORP 10%+ owner George Kaiser Family Foundation sold 36,200 shares at $61.01.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2011material agreement termination● Neutral
Chairman John Nikkel's consulting agreement ended on May 31, 2011 by mutual agreement, with no termination penalties. He had been paid $5,834 per month on a month-to-month basis. This closes the arrangement renewed each year since 2005; the filing does not say he is leaving the board.
18 May 2011debt financing● NeutralMajor
Unit closed the $250 million 6 5/8% senior subordinated notes due May 15, 2021, issued under an indenture with Wilmington Trust FSB and guaranteed by its domestic subsidiaries. Interest is paid semi-annually from November 15, 2011; proceeds go to repay credit facility borrowings (about $185.0 million outstanding at March 31, 2011) and working capital. Holders can require repurchase at 101% on a change of control. This completes the offering priced on May 11.
12 May 2011securities registration● Neutral
UNIT CORP filed the final prospectus for a registered offering.
12 May 2011material agreement● NeutralMajor
Unit priced an upsized public offering of $250 million of 6 5/8% senior subordinated notes due 2021 (up from a planned $200 million), underwritten by Merrill Lynch and others and guaranteed by its wholly-owned domestic subsidiaries. Net proceeds are meant to repay borrowings under its unsecured credit facility (about $185.0 million outstanding at March 31, 2011) and for general working capital.
11 May 2011securities registration● Neutral
UNIT CORP filed a free-writing prospectus - marketing material for an offering in progress.
9 May 2011agm notice● Neutral
UNIT CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
6 May 2011director interest notice● Neutral
UNIT CORP director John H Williams received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
Payne Larry C became a UNIT CORP director and company insider (initial ownership filing).
6 May 2011director interest notice● Neutral
UNIT CORP director Payne Larry C received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
UNIT CORP director Peyton G Bailey IV received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
Peyton G Bailey IV became a UNIT CORP director and company insider (initial ownership filing).
6 May 2011director interest notice● Neutral
UNIT CORP director J Michael Adcock received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
UNIT CORP director William B Morgan received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
UNIT CORP director Steven B Hildebrand received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
UNIT CORP director Sullivan Robert J Jr. received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
UNIT CORP director Gary R Christopher received a stock option grant for 3,500 shares.
6 May 2011director interest notice● Neutral
UNIT CORP director John G Nikkel received a stock option grant for 3,500 shares.
4 May 2011director interest notice● Neutral
UNIT CORP 10%+ owner George Kaiser Family Foundation sold 15,000 shares at $63.11.
3 May 2011quarterly activities report● Neutral
UNIT CORP reported quarterly revenue of $287.8 million and net income of $49.8 million for the period ended 2011-06-30.
3 May 2011securities registration● Neutral
UNIT CORP filed a prospectus supplement for an offering off its existing shelf.
3 May 2011quarterly activities report● Neutral
UNIT CORP reported quarterly revenue of $287.8 million and net income of $49.8 million for the period ended 2011-06-30.
3 May 2011securities registration● Neutral
UNIT CORP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
5 Apr 2011director interest notice● Neutral
UNIT CORP Manager, Superior Pipeline Parks Robert had 578 shares withheld for taxes on vesting stock.
5 Apr 2011director interest notice● Neutral
UNIT CORP Executive Vice President, UPC Guidry Brad had 797 shares withheld for taxes on vesting stock.
5 Apr 2011director interest notice● Neutral
UNIT CORP President and CEO Larry D Pinkston had 3,205 shares withheld for taxes on vesting stock.
5 Apr 2011director interest notice● Neutral
UNIT CORP Chief Financial Officer David T Merrill had 797 shares withheld for taxes on vesting stock.
5 Apr 2011director interest notice● Neutral
UNIT CORP Executive Vice President, UDC Cromling John had 797 shares withheld for taxes on vesting stock.
5 Apr 2011director interest notice● Neutral
UNIT CORP SR. V-P, General Counsel Mark E Schell had 825 shares withheld for taxes on vesting stock.
29 Mar 2011director interest notice● Neutral
UNIT CORP 10%+ owner George Kaiser Family Foundation sold 84,805 shares at $60.13.