FORM 4
☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
 OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Hendricks William Andrew JR		 2. Issuer Name and Ticker or Trading Symbol

PATTERSON UTI ENERGY INC [ PTEN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

10713 W. SAM HOUSTON PKWY N, SUITE 800		 3. Date of Earliest Transaction (MM/DD/YYYY)

5/5/2023
(Street)

HOUSTON, TX 77064		 4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)
Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock, $.01 par value per share 5/5/2023  A  144000 (1)A$0.00 1945374 D  
Common Stock, $.01 par value per share 5/5/2023  A  241500 (2)A$0.00 2186874 D  
Common Stock, $.01 par value per share 5/5/2023  M  597000 A (3)2783874 D  
Common Stock, $.01 par value per share 5/5/2023  D  597000 (4)D$12.43 2186874 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Unit  (3)5/5/2023  M     597000  5/5/2023 5/5/2023 Common Stock 597000  (3)0 D  
Explanation of Responses:
(1) Shares received in settlement of the 2020 Performance Unit grant.
(2) Restricted stock units that convert into common stock on a one-for-one basis. One-third of the restricted stock units vests on each of May 5, 2024, May 5, 2025 and May 5, 2026.
(3) Reflects performance-based phantom units that vested on May 5, 2023. Each phantom unit represented the right to receive a cash payment in an amount equal to the average closing price of one share of common stock of the Company, par value $0.01 per share (a "Share") on the principal stock exchange on which the Shares were then listed for the twenty consecutive trading days preceding March 31, 2023.
(4) No shares were actually issued, disposed or sold. Under applicable SEC guidance, cash settlement of phantom units is deemed to involve the conversion of the phantom units into the underlying common stock and the simultaneous disposition of the common stock to the Company for cash. Accordingly, Table 1 uses Transaction Code D to report the phantom unit settlement.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Hendricks William Andrew JR
10713 W. SAM HOUSTON PKWY N, SUITE 800
HOUSTON, TX 77064		X
President & CEO
Signatures
By Barry Huntsman pursuant to a Limited Power of Attorney filed with the SEC on 4/24/2013 /s/ Barry Huntsman5/9/2023
**Signature of Reporting PersonDate
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 control number.
Patterson UTI Energy (NASDAQ:PTEN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Patterson UTI Energy Charts.
Patterson UTI Energy (NASDAQ:PTEN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Patterson UTI Energy Charts.