4//SEC Filing
Hurley Adam Logan 4
Accession 0001109189-20-000099
CIK 0001109189other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 9:45 PM ET
Size
8.7 KB
Accession
0001109189-20-000099
Insider Transaction Report
Form 4
Hurley Adam Logan
See Remarks
Transactions
- Exercise/Conversion
Time-Based Phantom Shares
2020-05-15−9,701→ 19,402 total→ Common Stock (9,701 underlying) - Disposition to Issuer
Common Stock
2020-05-15$0.29/sh−9,701$2,813→ 48,084 total - Exercise/Conversion
Common Stock
2020-05-15+9,701→ 57,785 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 0001749583
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 9:45 PM ET
- Size
- 8.7 KB