Krenek Alan 4
4 · BASIC ENERGY SERVICES INC · Filed Aug 20, 2018
Insider Transaction Report
Form 4
Krenek Alan
SVP, CFO, Secretary, Treasurer
Transactions
- Exercise/Conversion
Common Stock
2018-08-15+120,959→ 169,311 total - Tax Payment
Common Stock
2018-08-15$8.53/sh−44,238$377,350→ 125,073 total - Exercise/Conversion
Restricted Stock Units
2018-08-15−29,678→ 75,319 total→ Common Stock (29,678 underlying) - Exercise/Conversion
Restricted Stock Units
2018-08-15−59,357→ 15,962 total→ Common Stock (59,357 underlying) - Exercise/Conversion
Restricted Stock Units
2018-08-15−15,962→ 0 total→ Common Stock (15,962 underlying) - Exercise/Conversion
Restricted Stock Units
2018-08-15−15,962→ 0 total→ Common Stock (15,962 underlying) - Award
Restricted Stock Units
2018-08-15+15,962→ 15,962 total→ Common Stock (15,962 underlying)
Footnotes (6)
- [F1]Restricted stock units convert into 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 August 15, 2018. Such shares were acquired as treasury stock by the Issuer.
- [F3]On December 23, 2016, the Reporting Person was granted 89,036 restricted stock units, which vest in three equal annual installments beginning on December 23, 2016. In connection with the Reporting Person's retirement effective August 15, 2018, all unvested restricted stock units vested in full.
- [F4]On February 22, 2017, the Reporting Person was granted 89,036 restricted stock units, which vest in three equal annual installments beginning on February 8, 2018. In connection with the Reporting Person's retirement effective August 15, 2018, all unvested restricted stock units vested in full.
- [F5]On February 8, 2018, the Reporting Person was granted 15,962 restricted stock units, which vest in three equal annual installments beginning on February 8, 2019. In connection with the Reporting Person's retirement effective August 15, 2018, all unvested restricted stock units vested in full.
- [F6]Represents earning of performance-based restricted stock units that were initially granted on February 8,2018. In connection with the Reporting Person's retirement effective August 15, 2018, all such performance-based restricted stock units were earned at 100% and vested in full.