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

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

(Print or Type Responses)
1. Name and Address of Reporting Person *
Hicks George G
  2. Issuer Name and Ticker or Trading Symbol
PARKER DRILLING CO /DE/ [PKD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
901 MARQUETTE AVE. S., SUITE 3300
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2019
(Street)

MINNEAPOLIS, MN 55402
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 05/08/2019   P   23,633 A $ 20.1 1,233,731 I See Footnotes (1) (5) (6)
Common Stock 05/08/2019   P   26,052 A $ 20.1 1,283,667 I See Footnotes (2) (5) (6)
Common Stock 05/08/2019   P   34,003 A $ 20.1 1,627,499 I See Footnotes (3) (5) (6)
Common Stock 05/08/2019   P   40,312 A $ 20.1 1,746,697 I See Footnotes (4) (5) (6)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Hicks George G
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
Varde Skyway Master Fund, L.P.
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
Varde Skyway fund G.P., LLC
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
Varde Investment Partners (Offshore) Master, L.P.
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
VARDE INVESTMENT PARTNERS LP
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
Varde Investment Partners G.P., LLC
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
Varde Credit Partners Master, L.P.
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
Varde Credit Partners G.P., LLC
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
VARDE PARTNERS LP
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    
VARDE PARTNERS INC
901 MARQUETTE AVE. S., SUITE 3300
MINNEAPOLIS, MN 55402
    X    

Signatures

 /s/ George G. Hicks   05/10/2019
**Signature of Reporting Person Date

 THE VARDE SKYWAY MASTER FUND, L.P., By: The Varde Skyway Fund G.P., LLC, Its General Partner, By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

 THE VARDE SKYWAY FUND G.P., LLC, By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

 VARDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P., By: Varde Investment Partners G.P., LLC, Its General Partner, By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: GC   05/10/2019
**Signature of Reporting Person Date

 VARDE INVESTMENT PARTNERS, L.P., By: Varde Investment Partners G.P., LLC, Its General Partner, By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

 VARDE INVESTMENT PARTNERS G.P., LLC, By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

 VARDE CREDIT PARTNERS MASTER, L.P., By: Varde Credit Partners G.P., LLC, Its General Partner, By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

 VARDE CREDIT PARTNERS G.P., LLC, By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

 VARDE PARTNERS, L.P., By: Varde Partners, Inc., Its General Partner, Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

 VARDE PARTNERS, INC., Name: /s/ David A. Marple, Title: General Counsel   05/10/2019
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Shares of common stock of Parker Drilling Company (the "Issuer") held directly by The Varde Skyway Master Fund, L.P. ("Master Skyway Fund").
(2) Shares of common stock of the Issuer held directly by Varde Investment Partners (Offshore) Master, L.P. ("VIP Offshore").
(3) Shares of common stock of the Issuer held directly by Varde Investment Partners, L.P. ("VIP").
(4) Shares of common stock of the Issuer held directly by Varde Credit Partners Master, L.P. ("VCPM").
(5) The Varde Skyway Fund G.P., LLC ("Skyway Fund GP") is the general partner of Master Skyway Fund. Varde Investment Partners G.P., LLC ("VIP GP") is the general partner of VIP Offshore and VIP. Varde Credit Partners G.P., LLC ("VCPM GP") is the general partner of VCPM. Varde Partners, L.P. ("Managing Member") is the managing member of Skyway Fund GP, VIP GP and VCPM GP. Varde Partners, Inc. ("General Partner") is the general partner of the Managing Member. George G. Hicks is the Chief Executive Officer of the General Partner.
(6) (Continued from footnote 5) Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.