Bissett John Cody 4
4 · BASIC ENERGY SERVICES INC · Filed Dec 27, 2017
Insider Transaction Report
Form 4
Bissett John Cody
VP, Controller and CAO
Transactions
- Exercise/Conversion
Common Stock
2017-12-23+8,094→ 11,495 total - Tax Payment
Common Stock
2017-12-23$23.71/sh−2,246$53,253→ 9,249 total - Exercise/Conversion
Restricted Stock Units
2017-12-23−8,094→ 8,094 total→ Common Stock (8,094 underlying)
Footnotes (3)
- [F1]Restricted stock units converted into shares of common stock on a one-for-one basis
- [F2]In connection with the vesting of restricted stock units, the Issuer withheld vested shares of common stock and agreed to satisfy the Reporting Person's tax withholding obligations in lieu of cash. The number of vested shares withheld was based on the closing price of the Issuer's common stock on December 22, 2017. Such shares were acquired as treasury stock by the Issuer.
- [F3]On December 23, 2016, the Reporting Person was granted 24,283 restricted stock units, which vest in three equal annual installments beginning on December 23, 2016.