FERTIG WILLIAM D 4
4 · KEY ENERGY SERVICES INC · Filed Jan 23, 2012
Insider Transaction Report
Form 4
FERTIG WILLIAM D
Director
Transactions
- Exercise/Conversion
Common Stock
2012-01-19$8.35/sh+25,000$208,750→ 121,762 total - Tax Payment
Common Stock
2012-01-19$15.08/sh−13,843$208,752→ 107,919 total - Exercise/Conversion
Stock Options
2012-01-19−25,000→ 0 totalExercise: $8.35Exp: 2012-01-31→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Represents exercise price pursuant to the option agreement under the Key Energy Group, Inc. 1997 Incentive Plan (the "1997 Plan").
- [F2]The Company withheld 13,843 shares otherwise exercisable under the option to cover the aggregate exercise price of $208,750 ($8.35 exercise price per share x 25,000 options) based on the fair market value, which is calculated as the closing price of common stock on January 18, 2012 pursuant to the 1997 Plan.
- [F3]The options were granted on 1/31/2002 and were fully vested upon grant on such date.