Dame William Timothy 4
4 · BASIC ENERGY SERVICES INC · Filed Feb 12, 2019
Insider Transaction Report
Form 4
Dame William Timothy
VP Pumping and Wireline
Transactions
- Tax Payment
Common Stock
2019-02-08$4.51/sh−4,847$21,860→ 35,444 total - Exercise/Conversion
Restricted Stock Units
2019-02-08+16,188→ 27,397 total→ Common Stock (16,188 underlying) - Exercise/Conversion
Common Stock
2019-02-08+16,188→ 40,291 total
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 February 8, 2019. Such shares were acquired as treasury stock by the Issuer.
- [F3]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.