Krenek Alan 4
4 · BASIC ENERGY SERVICES INC · Filed Feb 12, 2018
Insider Transaction Report
Form 4
Krenek Alan
SVP, CFO, Secretary, Treasurer
Transactions
- Tax Payment
Common Stock
2018-02-08$17.31/sh−7,347$127,177→ 50,152 total - Award
Stock Option (right to buy)
2018-02-08+35,614Exercise: $41.93Exp: 2027-02-22→ Common Stock (35,614 underlying) - Award
Restricted Stock Units
2018-02-08+15,962→ 104,997 total→ Common Stock (15,962 underlying) - Sale
Common Stock
2018-02-08$16.95/sh−300$5,086→ 27,820 total - Exercise/Conversion
Common Stock
2018-02-08+29,679→ 57,499 total - Award
Restricted Stock Units
2018-02-08+89,036→ 118,714 total→ Common Stock (89,036 underlying) - Exercise/Conversion
Restricted Stock Units
2018-02-08−29,679→ 89,035 total→ Common Stock (29,679 underlying)
Footnotes (7)
- [F1]The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan entered into by the reporting person on August 17, 2017.
- [F2]Reflects the weighted average sales price for the common stock. These shares were sold in multiple transactions at prices ranging from $16.7100 to $17.3800, inclusive. The reporting person will provide upon request by the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]Restricted stock units convert into common stock on a one-for-one basis.
- [F4]In connection with the vesting of Restricted Stock Units, the Issuer withheld vested shares of common stock and agreed to satisfy the Reporting Person's tax withholding obligations in lieu of cash. The number of vested shares withheld was based on the closing price of the Issuer's common stock on February 8, 2018. Such shares were acquired as treasury stock by the Issuer.
- [F5]Represents earning of performance-based Restricted Stock Units that were initially granted on February 22, 2017. Performance for the award was measured based on the Issuer's relative total stockholder return (TSR) compared to the TSR of a selected peer group of energy services companies. The Restricted Stock Units vest in three equal annual installments beginning on February 8, 2018.
- [F6]The Stock Options vest in three equal annual installments beginning on February 8, 2018. Represents earning of performance-based Stock Options that were initially granted on February 22, 2017. Performance for the award was measured based on the Issuer's relative total stockholder return (TSR) compared to the TSR of a selected peer group of energy services companies.
- [F7]The Restricted Stock Units vest in three equal annual installments beginning on February 8, 2019.