Poldrack Lanny Trampas 4
4 · BASIC ENERGY SERVICES, INC. · Filed Mar 11, 2020
Insider Transaction Report
Form 4
Poldrack Lanny Trampas
VP Safety and Operations
Transactions
- Exercise/Conversion
Common Stock
2020-03-09+3,961→ 47,538 total - Tax Payment
Common Stock
2020-03-09$0.13/sh−1,130$147→ 46,408 total - Exercise/Conversion
Restricted Stock Units
2020-03-09−3,961→ 0 total→ Common Stock (3,961 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) 1,981 on March 15, 2020 and (ii) 1,980 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.