CARNETT JOHN 4
4 · KEY ENERGY SERVICES INC · Filed Dec 23, 2008
Insider Transaction Report
Form 4
CARNETT JOHN
SVP - Pressure Pumping Ops
Transactions
- Exercise/Conversion
Phantom Stock
2008-12-22−10,000→ 20,000 totalFrom: 2008-12-22Exp: 2010-12-22→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2008-12-22+10,000→ 26,202 total - Disposition to Issuer
Common Stock
2008-12-22$4.09/sh−10,000$40,900→ 16,202 total
Footnotes (2)
- [F1]Each share of phantom stock was the economic equivalent of one share of Key Energy Services, Inc.'s common stock, which, pursuant to the plan under which it was granted, was required to be settled in cash based on the closing price on the date each such share vested. 10,000 shares of the reporting person's phantom stock vested on December 22, 2008 and, as required under the plan, was settled in cash.
- [F2]Includes 16,202 unvested restricted stock shares granted under the 1997 Plan and the Key Energy Services, Inc. 2007 Equity and Cash Incentive Plan.