MCDONALD F. DOUG 4
4 · KEY ENERGY SERVICES INC · Filed Apr 19, 2010
Insider Transaction Report
Form 4
MCDONALD F. DOUG
SVP, Marketplace Bus Devlpmt
Transactions
- Exercise/Conversion
Common Stock
2010-02-04+1,250→ 39,303 total - Disposition to Issuer
Common Stock
2010-02-04$9.20/sh−1,250$11,500→ 38,053 total - Exercise/Conversion
Phantom Stock
2010-02-04−1,250→ 2,500 totalExp: 2012-02-04→ Common Stock (1,250 underlying)
Footnotes (3)
- [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 is granted, is required to be settled in cash based on the closing price on the date each share vests.
- [F2]Includes 32,702 unvested shares of restricted stock granted under Key Energy Services, Inc. 2007 Equity and Cash Incentive Plan and the Key Energy Services, Inc. 2009 Equity and Cash Incentive Plan. Reflects number of shares held as of filing date of this Form 4, April 19, 2010.
- [F3]The phantom share award granted on February 4, 2008 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 5,000 phantom shares, of which 1,250 shares vested on February 4, 2009 and 1,250 shares vested on February 4, 2010.