Poldrack Lanny Trampas 4
4 · BASIC ENERGY SERVICES INC · Filed Dec 26, 2018
Insider Transaction Report
Form 4
Poldrack Lanny Trampas
VP Safety and Operations
Transactions
- Tax Payment
Common Stock
2018-12-23$4.16/sh−1,981$8,241→ 12,831 total - Exercise/Conversion
Restricted Stock Units
2018-12-23−8,094→ 22,132 total→ Common Stock (8,094 underlying) - Exercise/Conversion
Common Stock
2018-12-23+8,094→ 14,812 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 24,283 restricted stock units, which vested in three equal annual installments beginning on December 23, 2016. On February 8, 2018, the Reporting Person (i) earned 24,283 performance-based Restricted Stock Units, which vest in three equal annual installments beginning on February 8, 2018 and (ii) was granted 5,944 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.