Excerpt from Restated Certificate of Incorporation of Patterson-UTI Energy, Inc. – Common Stock Provisions

Summary

This excerpt from the Restated Certificate of Incorporation of Patterson-UTI Energy, Inc. outlines the terms for issuing and managing the company's common stock. It states that the Board of Directors determines the issuance and consideration for shares, and that all common stock shares are equal in rights and rank. Holders of common stock have exclusive voting rights and are entitled to receive dividends as declared by the Board, subject to certain conditions related to preferred stock.

EX-4.1 3 d89352ex4-1.txt EXCERPT FROM RESTATED CERTIFICATE OF INCORPORATION 1 EXHIBIT 4.1 EXCERPT FROM RESTATED CERTIFICATE OF INCORPORATION OF PATTERSON-UTI ENERGY, INC. "Section 2. COMMON STOCK 2.1 Issuance, Consideration, and Terms. Any unissued shares of the Common Stock may be issued from time to time for such consideration, having a value of not less than the par value thereof, as may be fixed from time to time by the Board of Directors. Any treasury shares may be disposed of for such consideration as may be determined from time to time by the Board of Directors. The Common Stock shall be subject to the express terms of the Preferred Stock and any series thereof. Each share of Common Stock shall be of equal rank and shall be identical to every other share of Common Stock. Holders of Common Stock shall have such rights as are provided herein and by law. 2.2 Voting Rights. Except as expressly required by law or as provided in or fixed and determined pursuant to Section 1 of this Article FOURTH, the entire voting power and all voting rights shall be vested exclusively in the Common Stock. Each holder of shares of Common Stock shall be entitled to one (1) vote for each share standing in such holder's name on the books of the Corporation. 2.3 Dividends. Subject to Section 1 of this Article FOURTH, the holders of Common Stock shall be entitled to receive, and shall share equally share for share, when and as declared by the Board of Directors, out of the assets of the Corporation which are by law available therefor, dividends or distributions payable in cash, in property, or in securities of the Corporation."