DiNello Anthony Joseph 4
4 · BASIC ENERGY SERVICES INC · Filed May 17, 2019
Insider Transaction Report
Form 4
DiNello Anthony Joseph
Director
Transactions
- Award
Restricted Stock Units
2019-05-15+7,700→ 7,700 total→ Common Stock (7,700 underlying) - Award
Common Stock
2019-05-15+20,000→ 20,000 total
Footnotes (3)
- [F1]Represents a grant of 20,000 time based restricted shares to the reporting person, a director of the issuer and employee of Silver Point Capital, L.P. ("Silver Point"), that was awarded pursuant to the Basic Energy Services, Inc. Non-Employee Director Incentive Plan (the "Plan"). These restricted shares will vest on May 15, 2020.
- [F2]The reporting person has an understanding with Silver Point pursuant to which he holds shares for the benefit of Silver Point and certain of its affiliates. Accordingly, the reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
- [F3]Represents a grant of 7,700 restricted stock units to the reporting person that was awarded pursuant to the Plan. These restricted stock units will vest on May 15, 2020, and will be settled in cash based on the fair market value of the issuer's common stock on such date (such payment not to exceed $9 per restricted stock unit), subject to the reporting person's continued service with the issuer.