Rankin Mark D 4
4 · BASIC ENERGY SERVICES INC · Filed Apr 13, 2009
Insider Transaction Report
Form 4
Rankin Mark D
VP - Risk Management
Transactions
- Tax Payment
Common stock
2009-03-19$7.57/sh−204$1,544→ 15,881 total
Footnotes (1)
- [F1]In connection with the vesting of shares of restricted stock on March 19, 2009, in accordance with the Third Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan, the issuer withheld vested shares and agreed to satisfy the executive's withholding tax obligations in lieu of cash. The number of vested shares withheld was based on the closing price per share on March 19, 2009. The withholding of vested shares pursuant to this award was approved by the Compensation Committee of the board of directors of the issuer, and effective March 19, 2009, the number of shares indicated in this Form 4 were acquired as treasury stock by the issuer.