4//SEC Filing
BURKHARDT DEAN A 4
Accession 0000899243-20-014865
CIK 0000320575other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 2:01 PM ET
Size
7.9 KB
Accession
0000899243-20-014865
Insider Transaction Report
Form 4
BURKHARDT DEAN A
Director
Transactions
- Award
Common Stock
2020-05-29+275→ 275 total - Disposition to Issuer
Common Stock
2020-05-29−401,031→ 0 total
Footnotes (2)
- [F1]On March 1, 2020, Pioneer Energy Services Corp. (the "Issuer") and its subsidiaries, (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. Debtors also filed a prepackaged Chapter 11 plan of reorganization (the "Plan") with the Bankruptcy Court. On May 11, 2020, the Bankruptcy Court entered an order, Docket No. 331 (the "Confirmation Order") confirming the Plan. On May 29, 2020 (the "Effective Date"), the Debtors emerged from bankruptcy and the Plan became effective pursuant to its terms.
- [F2]On the Effective Date, and pursuant to the Plan, all outstanding shares of the Issuer's common stock, par value $0.10 (the "Old Shares") were exchanged for new shares of the Issuer's common stock, $0.001 par value per share (the "New Shares") at the conversion rate of 0.0006849838 New Shares for each Old Share. The receipt of New Shares was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
Documents
Issuer
PIONEER ENERGY SERVICES CORP
CIK 0000320575
Entity typeother
Related Parties
1- filerCIK 0001185620
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 2:01 PM ET
- Size
- 7.9 KB