PENA CARLOS R 4
4 · PIONEER ENERGY SERVICES CORP · Filed Jan 28, 2019
Insider Transaction Report
Form 4
PENA CARLOS R
VP & General Counsel
Transactions
- Tax Payment
Common Stock
2019-01-25$1.43/sh−6,906$9,876→ 157,055 total - Award
Restricted Stock Units
2019-01-24+76,948→ 76,948 total→ Common Stock (76,948 underlying) - Award
Phantom Stock
2019-01-24+76,948→ 76,948 total→ Common Stock (76,948 underlying) - Exercise/Conversion
Common Stock
2019-01-25+23,292→ 163,961 total - Exercise/Conversion
Restricted Stock Units
2019-01-25−23,292→ 46,584 total→ Common Stock (46,584 underlying)
Footnotes (6)
- [F1]Restricted Stock Units convert into common stock on a one-for-one basis.
- [F2]The Restricted stock units vest in three equal annual installments on January 24, 2020, January 24, 2021, and January 24, 2022.
- [F3]On January 25, 2018, the reporting person was granted 69,876 restricted stock units vesting in three equal annual installments on January 25, 2019, January 25, 2020, and January 25,2021
- [F4]Phantom Stock Units ("PSUs") are payable in cash or shares of common stock of Pioneer Energy Services Corp. (the "Company"). The PSUs were awarded pursuant to the Company's Amended and Restated 2007 Incentive Plan.
- [F5]Each PSU is the economic equivalent of one share of the Company's common stock. Each PSU, when converted to cash or stock, will be equivalent to the average closing price of the Company's common stock for the last 14 consecutive trading days in the month of December immediately prior to the respective vesting date; provided that the maximum vesting date value is $4.62
- [F6]The PSUs vest in three equal annual installments on January 24, 2020, 2021 and 2022.