Newman James F. 4
4 · BASIC ENERGY SERVICES, INC. · Filed Feb 25, 2020
Insider Transaction Report
Form 4
Newman James F.
Group VP-Completion & Remedial
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-02-22+29,679→ 10,640 total→ Common Stock (29,679 underlying) - Exercise/Conversion
Common Stock
2020-02-22+29,679→ 171,374 total - Tax Payment
Common Stock
2020-02-22$0.20/sh−6,612$1,355→ 164,762 total
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 89,036 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 15,962 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.