Wegner Richard Scott 4
4 · BASIC ENERGY SERVICES INC · Filed Feb 12, 2019
Insider Transaction Report
Form 4
Wegner Richard Scott
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2019-02-08+2,698→ 4,735 total - Tax Payment
Common Stock
2019-02-08$4.51/sh−808$3,644→ 3,927 total - Exercise/Conversion
Restricted Stock Units
2019-02-08+2,698→ 5,335 total→ Common Stock (2,698 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 February 8, 2019. Such shares were acquired as treasury stock by the Issuer.
- [F3]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.