4//SEC Filing
PIPES THOMAS R 4
Accession 0001209191-10-014262
CIK 0000318996other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 7:28 PM ET
Size
13.6 KB
Accession
0001209191-10-014262
Insider Transaction Report
Form 4
PIPES THOMAS R
SVP - Well Srvc Rig Ops
Transactions
- Tax Payment
Common Stock
2010-03-02$10.56/sh−8,972$94,744→ 134,663 total - Award
Performance Units
2010-03-01+11,293→ 11,293 total→ Common Stock (11,293 underlying)
Holdings
- 3,000(indirect: By Trust)
Common Stock
- 2,000(indirect: By Trust)
Common Stock
- 500(indirect: By daughter)
Common Stock
- 500(indirect: By daughter)
Common Stock
Footnotes (7)
- [F1]Payment of tax liability by delivery of stock incident to the vesting on March 2, 2010 of 33,918 shares of restricted stock.
- [F2]Vesting price is based on the closing price of common stock on March 2, 2010, pursuant to the Key Energy Services, Inc. 2007 Equity and Cash Incentive Plan (the "2007 Plan").
- [F3]Includes 104,518 unvested shares of restricted stock granted under the 2007 Plan and the Key Energy Services, Inc. 2009 Equity and Cash Incentive Plan (the "2009 Plan").
- [F4]These shares are held in a trust for the benefit of one of the reporting person's daughters who does not share his household. The reporting person's spouse is the trustee of the trust. The reporting person disclaims benefical ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.
- [F5]These shares are held in an account controlled by one of the reporting person's daughters, Courtney Pipes, with whom the reporting person does not share his household, and on which account the reporting person is a co-signer. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purpoes of Section 16 or for any other purpose.
- [F6]These shares are held in an account controlled by one of the reporting person's daughters, Lindsey Pipes, with whom the reporting person does not share his household, and on which account the reporting person is a co-signer. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F7]Represents performance units granted under the 2009 Plan. Half of the performance units are subject to a performance period from March 1, 2010 through February 28, 2011, and half are subject to a performance period from March 1, 2011 through February 29, 2012. At the end of each performance period, either 0%, 50% or 100% of the performance units subject to that performance period will vest based on the relative performance of Key Energy Services, Inc. within a peer group of companies as measured by total shareholder return. If any performance units vest at the end of a performance period, such vested performance units will be settled within sixty (60) days after the vesting date, solely in cash, in an amount equal to the closing price per share of Key Energy Services, Inc.'s common stock on the last trading day of the performance period.
Documents
Issuer
KEY ENERGY SERVICES INC
CIK 0000318996
Entity typeother
Related Parties
1- filerCIK 0001446815
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 7:28 PM ET
- Size
- 13.6 KB