Wegner Richard Scott 4
4 · BASIC ENERGY SERVICES, INC. · Filed May 20, 2020
Insider Transaction Report
Form 4
Wegner Richard Scott
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2020-05-15+3,511→ 23,816 total - Disposition to Issuer
Common Stock
2020-05-15$0.29/sh−3,511$1,018→ 20,305 total - Exercise/Conversion
Time-Based Phantom Shares
[F1][F2]2020-05-15−3,511→ 7,022 total→ Common Stock (3,511 underlying)
Footnotes (2)
- [F1]Represents vesting of cash-settled time-based phantom shares (the "Phantom Shares") granted under the Basic Energy Services, Inc. 2019 Long Term Incentive Plan. Each Phantom Share is the economic equivalent of one share of Company common stock, subject to a maximum settlement amount of $9.00 per Phantom Share. The settlement of the Phantom Shares for cash is reported on this Form 4 as a disposition of the Phantom Shares being settled in exchange for the acquisition of the underlying Company common stock, and a simultaneous disposition of the underlying Company common stock to the Company for cash.
- [F2]5/15/2020
Signature
/s/ David S. Schorlemer, Attorney-in-Fact|2020-05-20