SMITH IKE C. 4
4 · KEY ENERGY SERVICES INC · Filed Mar 3, 2010
Insider Transaction Report
Form 4
SMITH IKE C.
VP and Controller
Transactions
- Tax Payment
Common Stock
2010-03-02$10.56/sh−545$5,755→ 20,358 total - Award
Performance Units
2010-03-01+5,452→ 5,452 total→ Common Stock (5,452 underlying)
Footnotes (4)
- [F1]Payment of tax liability by delivery of stock incident to the vesting on March 2, 2010 of 1,667 shares of restricted stock.
- [F2]Vesting price is based on the closing price of common stock on March 2, 2010, pursuant to the Key Energy Services, Inc. 2007 Equity and Cash Incentive Plan (the "2007 Plan").
- [F3]Includes 19,236 unvested shares of restricted stock granted under the 2007 Plan and the Key Energy Services, Inc. 2009 Equity and Cash Incentive Plan (the "2009 Plan").
- [F4]Represents performance units granted under the 2009 Plan. Half of the performance units are subject to a performance period from March 1, 2010 through February 28, 2011, and half are subject to a performance period from March 1, 2011 through February 29, 2012. At the end of each performance period, either 0%, 50% or 100% of the performance units subject to that performance period will vest based on the relative performance of Key Energy Services, Inc. within a peer group of companies as measured by total shareholder return. If any performance units vest at the end of a performance period, such vested performance units will be settled within sixty (60) days after the vesting date, solely in cash, in an amount equal to the closing price per share of Key Energy Services, Inc.'s common stock on the last trading day of the performance period.