Dame William Timothy 4
4 · BASIC ENERGY SERVICES INC · Filed Dec 26, 2018
Insider Transaction Report
Form 4
Dame William Timothy
VP Pumping and Wireline
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-12-23−16,188→ 43,585 total→ Common Stock (16,188 underlying) - Tax Payment
Common Stock
2018-12-23$4.16/sh−3,962$16,482→ 24,103 total - Exercise/Conversion
Common Stock
2018-12-23+16,188→ 28,065 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 48,565 restricted stock units, which vested in three equal annual installments beginning on December 23, 2016. On February 8, 2018, the Reporting Person (i) earned 48,565 performance-based Restricted Stock Units, which vest in three equal annual installments beginning on February 8, 2018 and (ii) was granted 11,209 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.