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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Duplantier Jon-Al
  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 _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP, CAO & General Counsel
(Last)
(First)
(Middle)
5 GREENWAY PLAZA, SUITE 100
3. Date of Earliest Transaction (Month/Day/Year)
03/09/2018
(Street)

HOUSTON, TX 77046
4. If Amendment, Date Original Filed(Month/Day/Year)
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)
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
401K Common Stock               17,671.17 (1) I 401K
Common Stock 03/09/2018   M   26,263 A $ 0.88 420,769 D  
Common Stock 03/09/2018   M   28,776 A $ 0.88 449,545 D  
Common Stock 03/09/2018   M   28,776 (2) A $ 0.88 478,321 D  
Common Stock 03/09/2018   F   10,414 D $ 0.88 467,907 D  
Common Stock 03/09/2018   F   11,410 D $ 0.88 456,497 D  
Common Stock 03/09/2018   J(5)   28,776 (2) D $ 0.88 427,721 D  
Common Stock 03/10/2018   M   40,739 A $ 0.88 468,460 D  
Common Stock 03/10/2018   M   40,739 (2) A $ 0.88 509,199 D  
Common Stock 03/10/2018   F   14,365 D $ 0.88 494,834 D  
Common Stock 03/10/2018   J(5)   40,739 (2) D $ 0.88 454,095 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Restricted Stock Units (3) 03/09/2018   M     26,263 03/09/2018 03/09/2018 Common Stock 26,263 $ 0 (3) 205,658 D  
Restricted Stock Units (3) 03/09/2018   M     28,776 03/09/2018 03/09/2018 Common Stock 28,776 $ 0 (3) 176,882 D  
Phantom Stock Units (4) 03/09/2018   M(2)     28,776 03/09/2018 03/09/2018 Common Stock 28,776 $ 0 (4) 139,030 D  
Restricted Stock Units (3) 03/10/2018   M     40,739 03/10/2018 03/10/2018 Common Stock 40,739 $ 0 (3) 136,143 D  
Phantom Stock Units (4) 03/10/2018   M(2)     40,739 03/10/2018 03/10/2018 Common Stock 40,739 $ 0 (4) 98,291 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Duplantier Jon-Al
5 GREENWAY PLAZA, SUITE 100
HOUSTON, TX 77046
      Sr. VP, CAO & General Counsel  

Signatures

 Jon-Al Duplantier   03/13/2018
**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 PKD common stock in 401(k) as of March 9, 2018.
(2) Vesting of phantom stock units resulting in a cash payment in which each phantom stock unit is valued at the fair market value of one share of PKD common stock on the day of vesting. No actual shares were acquired or divested.
(3) Each restricted stock unit represents a contingent right to receive one share of PKD common stock.
(4) Each phantom stock unit represents a contingent right to receive a cash amount equivalent to one share of PKD common stock.
(5) Vesting of phantom stock units resulting in a cash payment in which each phantom stock unit is valued at the fair market value of one share of PKD common stock on the day of vesting. No actual shares were acquired or divested.

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