4//SEC Filing
Wegner Richard Scott 4
Accession 0001109189-20-000097
CIK 0001109189other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 9:45 PM ET
Size
8.7 KB
Accession
0001109189-20-000097
Insider Transaction Report
Form 4
Wegner Richard Scott
See Remarks
Transactions
- Disposition to Issuer
Common Stock
2020-05-15$0.29/sh−3,511$1,018→ 20,305 total - Exercise/Conversion
Time-Based Phantom Shares
2020-05-15−3,511→ 7,022 total→ Common Stock (3,511 underlying) - Exercise/Conversion
Common Stock
2020-05-15+3,511→ 23,816 total
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
Documents
Issuer
BASIC ENERGY SERVICES, INC.
CIK 0001109189
Entity typeother
Related Parties
1- filerCIK 0001751690
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 9:45 PM ET
- Size
- 8.7 KB