4//SEC Filing
PIPES THOMAS R 4
Accession 0001209191-09-058598
CIK 0000318996other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 4:39 PM ET
Size
14.5 KB
Accession
0001209191-09-058598
Insider Transaction Report
Form 4
PIPES THOMAS R
SVP - Well Srvc Rig Ops
Transactions
- Exercise/Conversion
Phantom Stock
2009-12-22−10,000→ 10,000 totalExp: 2010-12-22→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2009-12-22+10,000→ 141,049 total - Disposition to Issuer
Common Stock
2009-12-22$9.02/sh−10,000$90,200→ 131,049 total
Holdings
- 2,000(indirect: By Trust)
Common Stock
- 500(indirect: By daughter)
Common Stock
- 500(indirect: By daughter)
Common Stock
- 3,000(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]Each share of phantom stock is the economic equivalent of one share of Key Energy Services, Inc.'s common stock, which, pursuant to the plan under which it was granted, is required to be settled in cash based on the closing price on the date each share vests.
- [F2]Includes 115,850 unvested shares of restricted stock granted under the Key Energy Services, Inc. 2007 Equity and Cash Incentive Plan.
- [F3]These shares are held in a trust for the benefit of one of the reporting person's daughters who does not share his household. The reporting person's spouse is the trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.
- [F4]These shares are held in an account controlled by one of the reporting person's daughters, Courtney Pipes, with whom the reporting person does not share his household, and on which account the reporting person is a co-signer. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F5]These shares are held in an account controlled by one of the reporting person's daughters, Lindsey Pipes, with whom the reporting person does not share his household, and on which account the reporting person is a co-signer. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F6]The phantom share award granted on December 22, 2006 vests in four equal annual installments on the anniversary of the grant date. The vested phantom shares are payable solely in cash within 20 business days after the vesting date. The original grant was for 40,000 phantom shares, of which 10,000 shares vested on December 22, 2007, 10,000 shares vested on December 22, 2008 and 10,000 shares vested on December 22, 2009.
Documents
Issuer
KEY ENERGY SERVICES INC
CIK 0000318996
Entity typeother
Related Parties
1- filerCIK 0001446815
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 4:39 PM ET
- Size
- 14.5 KB