McGuire Brandon B. 4
4 · BASIC ENERGY SERVICES, INC. · Filed Feb 23, 2021
Insider Transaction Report
Form 4
McGuire Brandon B.
SVP, Central Region
Transactions
- Exercise/Conversion
Common Stock
2021-02-19+8,319→ 61,644 total - Award
Performance- Based Phantom Shares
2021-02-19+16,638→ 16,638 total→ Common Stock (16,638 underlying) - Disposition to Issuer
Common Stock
2021-02-19$0.16/sh−8,319$1,352→ 53,325 total - Exercise/Conversion
Performance- Based Phantom Shares
2021-02-19−8,319→ 8,319 total→ Common Stock (8,319 underlying)
Footnotes (2)
- [F1]Represents cash-settled performance-based phantom shares (the "Phantom Shares") granted under the Basic Energy Services, Inc. 2019 Long Term Incentive Plan, vesting in one-half increments on February 19, 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. The settlement of the Phantom Shares for cash is reported on this Form 4 as a disposition of the Phantom Shares being settled in exchange for the acquisition of the underlying Company common stock, and a simultaneous disposition of the underlying Company common stock to the Company for cash.
- [F2]02/19/2021