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Form 3 FORUM ENERGY TECHNOLOGIE For: Aug 15 Filed by: Williams David Lyle Jr.

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August 23, 2017 6:23 PM EDT
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 TX 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)
Date Exercisable Expiration Date Title Amount or Number of Shares
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.
/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.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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