Tyner James E 4
4 · BASIC ENERGY SERVICES INC · Filed Mar 22, 2012
Insider Transaction Report
Form 4
Tyner James E
VP - Human Resources
Transactions
- Tax Payment
Common Stock
2012-03-20$18.09/sh−6,673$120,715→ 83,501 total
Footnotes (1)
- [F1]In connection with the vesting of shares of restricted stock pursuant to the Fourth Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan, the issuer withheld vested shares and agreed to satisfy the executive's withholding tax obligations in lieu of cash. The number of vested shares withheld was based on the closing price per share on March 20, 2012. The withholding of vested shares pursuant to this award was approved by the Compensation Committee of the board of directors of the issuer, and the number of shares indicated in this Form 4 were acquired as treasury stock by the issuer.