4//SEC Filing
Wegner Richard Scott 4
Accession 0001109189-20-000046
CIK 0001109189other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 7:14 PM ET
Size
8.9 KB
Accession
0001109189-20-000046
Insider Transaction Report
Form 4
Wegner Richard Scott
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2020-03-09+1,758→ 20,807 total - Tax Payment
Common Stock
2020-03-09$0.13/sh−502$65→ 20,305 total - Exercise/Conversion
Restricted Stock Units
2020-03-09−1,758→ 0 total→ Common Stock (1,758 underlying)
Footnotes (3)
- [F1]The Compensation Committee of the Board of Directors of the Issuer approved accelerated vesting of the Reporting Person's restricted stock units that were otherwise scheduled to vest as follows: (i) 879 on March 15, 2020 and (ii) 879 on March 15, 2021.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]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 9, 2020. Such shares were acquired as treasury stock by the Issuer.
Documents
Issuer
BASIC ENERGY SERVICES, INC.
CIK 0001109189
Entity typeother
Related Parties
1- filerCIK 0001751690
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 7:14 PM ET
- Size
- 8.9 KB