4//SEC Filing
Dame William Timothy 4
Accession 0001109189-20-000008
CIK 0001109189other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 9:23 PM ET
Size
18.0 KB
Accession
0001109189-20-000008
Insider Transaction Report
Form 4
Dame William Timothy
VP Pumping and Wireline
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2020-02-07−19,426→ 0 totalExercise: $41.93Exp: 2027-02-22→ Common Stock (19,426 underlying) - Exercise/Conversion
Restricted Stock Units
2020-02-07−25,530→ 9,341 total→ Common Stock (25,530 underlying) - Exercise/Conversion
Common Stock
2020-02-07+25,530→ 89,544 total - Disposition to Issuer
Common Stock
2020-02-07−25,692→ 63,852 total - Disposition to Issuer
Time-Based Phantom Shares
2020-02-07−25,692→ 0 total→ Common Stock (25,692 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-02-07−19,426→ 0 totalExercise: $36.55Exp: 2026-12-23→ Common Stock (19,426 underlying) - Disposition to Issuer
Restricted Stock Units
2020-02-07−9,341→ 0 total→ Common Stock (9,341 underlying)
Footnotes (5)
- [F1]In connection with the Reporting Person's Separation and Release Agreement with the Company, dated as of February 7, 2020 (the "Separation Agreement"), the Reporting Person received 25,530 shares of common stock of the issuer in partial settlement of restricted stock units, which convert into common stock on a one-for-one basis.
- [F2]Represents the forfeiture of 25,692 shares of time vesting restricted stock granted under the Basic Energy Services, Inc. 2019 Long Term Incentive Plan, (the "LTIP"), which were set to vest in one-third increments on May 15, 2020, 2021 and 2022. The shares were forfeited in connection with the Separation Agreement.
- [F3]Cash-settled time-based phantom shares granted under the LTIP, vesting in one-third increments on May 15, 2020, 2021 and 2022. Each cash-settled time-based phantom share is the economic equivalent of one share of Company common stock, subject to a maximum settlement amount of $9.00 per phantom share. In connection with the Separation Agreement, one-third of the cash-settled time-based phantom shares were settled for cash based on the average price of issuer's common stock on January 31, 2020, and two-thirds of the cash-settled time-based phantom shares were forfeited.
- [F4]The stock options were forfeited in connection with the Separation Agreement.
- [F5]Represents the forfeiture of restricted stock units of the Company, which convert into common stock on a one-for-one basis.
Documents
Issuer
BASIC ENERGY SERVICES, INC.
CIK 0001109189
Entity typeother
Related Parties
1- filerCIK 0001543995
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 9:23 PM ET
- Size
- 18.0 KB