Lannen Eric 4
4 · BASIC ENERGY SERVICES INC · Filed Mar 18, 2019
Insider Transaction Report
Form 4
Lannen Eric
Chief Human Resources Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2019-03-15+3,226→ 30,500 total - Tax Payment
Common Stock
[F2]2019-03-15$4.59/sh−741$3,401→ 29,759 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2019-03-15−3,226→ 14,545 total→ Common Stock (3,226 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 March 15, 2019. Such shares were acquired as treasury stock by the Issuer.
- [F3]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 9,677 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.
Signature
David S. Schorlemer, Attorney-in-Fact|2019-03-18