Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-008883
Date:2020-02-11
Issuer: CORE LABORATORIES N V (CLB)
Original Submission Date:

Reporting Person:

DEMSHUR DAVID M
6316 WINDFERN ROAD
HOUSTON, TX 77040

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE SHARES 0.0 2020-02-11 deemed execution date A 144,606 (a) common shares 144,606 $0.00 144,606 direct
Footnotes
IDfootnote
f1 this award vests at the end of a three-year performance period that began on january 1, 2020 and ends on december 31, 2022(the "performance period"). this award survives termination of employment due to death, disability, termination by the company without cause or retirement by the employee upon having reached 64 years of age. in all cases, the shares will vest at the end of the performance period as follows: 50% of the award will vest if the company is in the top 50th percentile of return on invested capital (roic) among the bloomberg peer group (bpg), 100% of the award will vest if the company is in the top 75th percentile of roic of the bpg and 150% of the award will vest if the company is the top performing roic company of the bpg.
f2 these awards will be interpolated on a straight-line basis from the 50th percentile to the 100th percentile. the amount that vests over the 100% of the award up to the maximum 150% of the award, if any, is subject to a reduction of one-half of the final percentage above 100% if absolute total shareholder return for the 2020 performance period is negative, all as shown by data published by bloomberg upon the close of the nyse market on the last trading day of the performance period. if the minimum performance criteria is not met, then no shares shall vest and the award shall be forfeited.
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