Wegner Richard Scott 4
4 · BASIC ENERGY SERVICES INC · Filed Dec 26, 2018
Insider Transaction Report
Form 4
Wegner Richard Scott
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2018-12-23+2,698→ 2,698 total - Exercise/Conversion
Restricted Stock Units
2018-12-23−2,698→ 8,033 total→ Common Stock (2,698 underlying) - Tax Payment
Common Stock
2018-12-23$4.16/sh−661$2,750→ 2,037 total
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 21, 2018. Such shares were acquired as treasury stock by the Issuer.
- [F3]On December 23, 2016, the Reporting Person was granted 8,094 restricted stock units, which vested in three equal annual installments beginning on December 23, 2016. On February 8, 2018, the Reporting Person (i) earned 8,094 performance-based Restricted Stock Units, which vest in three equal annual installments beginning on February 8, 2018 and (ii) was granted 2,637 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.