Newman James F. 4
4 · BASIC ENERGY SERVICES, INC. · Filed Feb 23, 2021
Insider Transaction Report
Form 4
Newman James F.
Group VP-Completion & Remedial
Transactions
- Disposition to Issuer
Common Stock
2021-02-19$0.16/sh−20,834$3,386→ 172,910 total - Exercise/Conversion
Performance- Based Phantom Shares
2021-02-19−20,834→ 20,833 total→ Common Stock (20,834 underlying) - Exercise/Conversion
Common Stock
2021-02-19+20,834→ 193,744 total - Award
Performance- Based Phantom Shares
2021-02-19+41,667→ 41,667 total→ Common Stock (41,667 underlying)
Footnotes (2)
- [F1]Represents cash-settled performance-based phantom shares (the "Phantom Shares") granted under the Basic Energy Services, Inc. 2019 Long Term Incentive Plan, vesting in one-half increments on February 19, 2021 and 2022. Each cash-settled time-based 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]02/19/2021