Phillips Lorne 4
4 · PIONEER ENERGY SERVICES CORP · Filed Apr 30, 2019
Insider Transaction Report
Form 4
Phillips Lorne
Chief Financial Officer
Transactions
- Exercise/Conversion
Phantom Stock Units
2019-04-29−259,901→ 0 totalFrom: 2019-04-29Exp: 2019-04-29→ Common Stock (259,901 underlying) - Exercise/Conversion
Common Stock
2019-04-29+259,901→ 533,905 total - Disposition to Issuer
Common Stock
2019-04-29$1.60/sh−259,901$415,842→ 274,004 total
Footnotes (1)
- [F1]) Represents the cash settlement of a performance-based phantom stock unit award with a grant date of January 28, 2016 (the "Grant Date"). Each phantom stock unit award is the economic equivalent of one share of the Company's common stock. The phantom stock unit awards were payable in cash or stock at the election of the Company. The cash payment is based upon the lesser of (i) the average for the last 14 trading days in December 2018 of the closing sale price of the Company's common stock or (ii) $8.08. No shares of common stock were actually issued, converted or sold in connection with this transaction.