QUANTUMONLINE.COM SECURITY DESCRIPTION:  Parker Drilling Co., 7.25% Series A Cumulative Mandatory Convertible Preferred Stock, liquidation preference $100 per share. The preferred shares are mandatorily convertible on 3/31/2020 into a variable number of Parker Drilling Co. (NYSE: PKD) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 41.4079 shares per unit if the then current market price is equal to or greater than $2.4150 and 47.6190 shares per unit if the market price is equal to or less than $2.10. For market prices between those values the settlement rate will be $100 divided by the market value. The last reported sale price of the common stock on 2/17/2017 was $2.35 per share. The preferred shares are convertible any time at the holder’s option into 41.4079 shares of common stock. Distributions of 7.25% per annum ($7.25 per annum or $1.8125 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). If a fundamental change occurs on or prior to 3/31/2020, holders of the preferred stock will have the right to convert their shares into shares of common stock at the fundamental change conversion rate during the fundamental change conversion period and will also receive a fundamental change dividend make-whole amount (see prospectus for further information). Dividends paid by this preferred are eligible for a preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under normal holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-54 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the mandatory convertible preferred stock and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	7.25% $7.25	$100.00 N/A	3/31/2020 3/31/2020	NR NF 3/26/2019	41.4079@$2.4150+ 47.6190@	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  3/26/19 -- Bankruptcy plan effective and shares cancelled per FINRA. ____________ Dec. 12, 2018 -- Parker Drilling Company (NYSE: PKD) today announced the expected move of trading of the Company's Common Stock to the OTC Pink Marketplace from the New York Stock Exchange. The Common Stock is expected to begin trading on the OTC Pink Marketplace operated by OTC Markets Group Inc. under ticker symbol "PKDSQ" upon the opening of trading on December 13, 2018. ____________ Dec. 12, 2018 -- Parker Drilling Company (NYSE: PKD) today announced that it and its material U.S. subsidiaries have entered into a restructuring support agreement ("RSA") with holders of the Company's securities, including a significant amount of its 7.50% Senior Notes due 2020 and 6.75% Senior Notes due 2022, outstanding preferred stock and outstanding common stock. The transaction contemplated under the RSA is expected to strengthen the Company's financial foundation and position it to capitalize on further opportunities in the market. To implement the terms of the RSA, Parker has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Parker's non-U.S. subsidiaries and certain U.S. subsidiaries are excluded from the filing and will not be affected. Parker intends to seek confirmation of a pre-arranged Plan of Reorganization ("Plan"). Importantly, members of the Consenting Stakeholders have indicated their support for the proposed Plan. The Company anticipates that its cash flow and existing liquidity will be sufficient to support global operations during this period and has further augmented liquidity with access to $50 million in debtor-in-possession ("DIP") financing. The lenders under the DIP financing have also committed to fund an exit facility of $50 million, which amount may be increased following emergence.

Company's Online Information Links

HOME PAGE:     http://www.parkerdrilling.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	nick.henley@parkerdrilling.com
Email Contact Form on Website	Go to Email Form

Address and Phone Numbers

Address:   5 Greenway Plaza, Suite 100, Houston, TX 77046
Main Phone Number	281-406-2000
Fax Number	281-406-2001
Investor Relations   Nick Henley	281-406-2082
Toll Free Phone Number	Unknown

CEO - Gary G. Rich

CFO - Michael W. Sumruld