Coyne Phil 4
4 · KEY ENERGY SERVICES INC · Filed Jul 1, 2009
Insider Transaction Report
Form 4
Coyne Phil
SVP - Wireline Services
Transactions
- Tax Payment
Common Stock
2009-06-29$5.78/sh−2,478$14,323→ 55,161 total - Disposition to Issuer
Common Stock
2009-06-29$5.66/sh−20,000$113,200→ 6,888 total - Disposition to Issuer
Common Stock
2009-06-29−48,273→ 6,888 total - Exercise/Conversion
Common Stock
2009-06-29+20,000→ 26,888 total - Exercise/Conversion
Phantom Stock
2009-06-29−20,000→ 0 totalFrom: 2009-06-29Exp: 2010-12-22→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]Payment of tax liability by delivery of stock incident to the vesting on June 29, 2009 of 9,366 shares of restricted stock.
- [F2]Vesting price is based on the closing price of common stock on June 26, 2009, pursuant to the Key Energy Group, Inc. 1997 Incentive Plan.
- [F3]Forfeiture of unvested restricted stock upon the reporting person's end of employment with the company, pursuant to the Key Energy Services, Inc. 2007 Equity and Cash Incentive Plan.
- [F4]Each share of phantom stock was the economic equivalent of one share of Key Energy Services, Inc.'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 each share vested. 20,000 shares of the reporting person's phantom stock vested on June 29, 2009 in connection with the reporting person's end of employment with the company, and, as required under the plan, was settled in cash.