Taylor Brett J. 4
4 · BASIC ENERGY SERVICES, INC. · Filed Feb 25, 2020
Insider Transaction Report
Form 4
Taylor Brett J.
VP, Manufacturing & Equipment
Transactions
- Exercise/Conversion
Common Stock
2020-02-22+10,793→ 57,241 total - Tax Payment
Common Stock
2020-02-22$0.20/sh−2,316$475→ 54,925 total - Exercise/Conversion
Restricted Stock Units
2020-02-22+10,793→ 4,175 total→ Common Stock (10,793 underlying)
Footnotes (3)
- [F1]Restricted stock units convert 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 February 21, 2020. Such shares were acquired as treasury stock by the Issuer.
- [F3]On February 8, 2018, the Reporting Person (i) earned 32,377 performance-based Restricted Stock Units, which vested in three equal annual installments on February 8, 2018, February 8, 2019, and February 22, 2020 and (ii) was granted 6,264 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.