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Filing Details

Accession Number:: 0001446732-10-000076
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-14 16:21:42
Reporting Period:: 2010-12-10

Filing Date:: 2010-12-14
Accepted Time:: 2010-12-14 16:21:42
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1042893	Dril-Quip Inc	DRQ	Oil & Gas Field Machinery & Equipment (3533)	742162088

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1054901	E Larry Reimert	13550 Hempstead Highway Houston TX 77040	Co-Chairman Of The Board	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-12-10	39,645	$38.97	40,555	No	4	M	Direct
Common Stock	Acquisiton	2010-12-10	22,446	$54.13	63,001	No	4	M	Direct
Common Stock	Acquisiton	2010-12-10	40,395	$20.98	103,396	No	4	M	Direct
Common Stock	Acquisiton	2010-12-10	8,996	$48.77	112,392	No	4	M	Direct
Common Stock	Disposition	2010-12-10	111,482	$80.45	910	No	4	S	Direct
Common Stock	Disposition	2010-12-13	9,918	$82.74	1,990,082	No	4	S	Indirect	See footnote
Common Stock	Disposition	2010-12-13	14,915	$83.07	1,975,167	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2010-12-10	39,645	$0.00	39,645	$38.97
Common Stock	Stock Option (right to buy)	Disposition	2010-12-10	22,446	$0.00	22,446	$54.13
Common Stock	Stock Option (right to buy)	Disposition	2010-12-10	40,395	$0.00	40,395	$20.98
Common Stock	Stock Option (right to buy)	Disposition	2010-12-10	8,996	$0.00	8,996	$48.77

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2016-10-27	No	4	M	Direct
7,482	2017-10-26	No	4	M	Direct
40,396	2018-10-28	No	4	M	Direct
26,989	2019-10-28	No	4	M	Direct

Footnotes

The stock options were granted on October 27, 2006 and became exercisable in 25% increments on the first, second, third and fourth anniversaries of the grant date.
A total of 29,928 stock options were granted on October 26, 2007 and become exercisable in 25% increments on the first, second, third and fourth anniversaries of the grant date.
A total of 80,791 stock options were granted on October 28, 2008 and become exercisable in 25% increments on the first, second, third and fourth anniversaries of the grant date.
A total of 35,985 stock options were granted on October 28, 2009 and become exercisable in 25% increments on the first, second, third and fourth anniversaries of the grant date.
The shares of Common Stock sold were owned and sold directly by Reimert Family Partners, Ltd., and indirectly by Larry E. Reimert as managing general partner of Reimert Family Partners, Ltd. The remaining shares of Common Stock are owned by Reimert Family Partners, Ltd. Mr. Reimert disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
The price in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $80.27 to $80.74, inclusive. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
The price in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $82.25 to $82.99, inclusive. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
The shares of Common Stock sold were owned and sold directly by Reimert Family Partners, Ltd., and indirectly by Larry E. Reimert as managing general partner of Reimert Family Partners, Ltd. The remaining shares of Common Stock are owned by Reimert Family Partners, Ltd. Mr. Reimert disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
The price in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $83.00 to $83.26, inclusive. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.