Flynt Jim D 4
4 · KEY ENERGY SERVICES INC · Filed Jan 6, 2009
Insider Transaction Report
Form 4
Flynt Jim D
SVP - Western Region
Transactions
- Tax Payment
Common Stock
2009-01-02$4.41/sh−2,529$11,153→ 29,542 total - Tax Payment
Common Stock
2009-01-02$4.66/sh−5,028$23,430→ 24,514 total - Exercise/Conversion
Common Stock
2009-01-02+20,000→ 44,514 total - Disposition to Issuer
Common Stock
2009-01-02$4.66/sh−20,000$93,200→ 24,514 total - Exercise/Conversion
Phantom Stock
2009-01-02−20,000→ 0 totalFrom: 2009-01-02Exp: 2010-12-22→ Common Stock (20,000 underlying)
Footnotes (6)
- [F1]Payment of tax liability by delivery of stock incident to the vesting on January 2, 2009 of 9,557 shares of restricted stock.
- [F2]Vesting price is based on the closing price of common stock on December 31, 2008, pursuant to the company's 1997 Incentive Plan (the "1997 Plan").
- [F3]Included 9,557 restricted stock shares granted August 22, 2007 under the 1997 Plan and 19,000 restricted stock shares granted April 10, 2008 under the company's 2007 Equity and Cash Incentive Plan (the "2007 Plan"), all of which vested in full on January 2, 2009 upon the reporting person's end of employment with the company.
- [F4]Payment of tax liability by delivery of stock incident to the vesting on January 2, 2009 of 19,000 shares of restricted stock.
- [F5]Vesting price is based on the closing price of common stock on January 2, 2009, pursuant to the 2007 Plan.
- [F6]Each share of phantom stock was the economic equivalent of one share of the company's common stock, which, pursuant to the plan under which it was granted, was required to be settled in cash based on the closing price on the date such shares vested. 20,000 shares of the reporting person's phantom stock vested on January 2, 2009 and, as required under the plan, was settled in cash.