Flynt Jim D 4
4 · KEY ENERGY SERVICES INC · Filed Dec 27, 2006
Insider Transaction Report
Form 4
Flynt Jim D
SVP - Western Region
Transactions
- Award
Phantom Shares
2006-12-22+40,000→ 40,000 total→ Common Stock (40,000 underlying)
Holdings
- 500(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]Each Phantom Share is equivalent to the value of each share of Common Stock.
- [F2]Each Phantom Share award shall vest 25% annually on each anniversary of the date of grant. If the Company terminates an employee's employment without cause, or if the employee reaches the age of 65 and has ten years of continous service with the company or an affiliate, or if an employee's continous service ends due to death or disability, all nonvested Phantom Shares shall vest immediately. The vested Phantom Shares are payable within ten days of the vesting date.