Rogers Doug 4
4 · BASIC ENERGY SERVICES INC · Filed Dec 26, 2018
Insider Transaction Report
Form 4
Rogers Doug
VP - Marketing
Transactions
- Exercise/Conversion
Common Stock
2018-12-23+10,792→ 18,726 total - Tax Payment
Common Stock
2018-12-23$4.16/sh−2,642$10,991→ 16,084 total - Exercise/Conversion
Restricted Stock Units
2018-12-23−10,792→ 27,519 total→ Common Stock (10,792 underlying)
Footnotes (3)
- [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 December 21, 2018. Such shares were acquired as treasury stock by the Issuer.
- [F3]On December 23, 2016, the Reporting Person was granted 32,377 restricted stock units, which vested in three equal annual installments beginning on December 23, 2016. On February 8, 2018, the Reporting Person (i) earned 32,377 performance-based Restricted Stock Units, which vest in three equal annual installments beginning on February 8, 2018 and (ii) was granted 5,935 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.