KEY ENERGY SERVICES INC 4
4 · KEY ENERGY SERVICES INC · Filed Dec 20, 2016
Insider Transaction Report
Form 4
FERTIG WILLIAM D
Director
Transactions
- Other
Common Stock ($0.10 par value)
2016-12-15−101,540→ 0 total - Other
Common Stock ($0.01 par value)
2016-12-15+518→ 518 total - Purchase
Warrant (right to buy)
2016-12-15+584→ 584 totalExercise: $43.52Exp: 2020-12-15→ Common Stock ($0.01 par value) (584 underlying) - Purchase
Warrant (right to buy)
2016-12-15+584→ 1,168 totalExercise: $54.40Exp: 2021-12-15→ Common Stock ($0.01 par value) (584 underlying)
Footnotes (2)
- [F1]In connection with the Issuer's reorganization pursuant to bankruptcy, all unvested restricted stock awards received 100% accelerated vesting. Pursuant to a reclassification exempt under Rule 16b-7, each then-vested share of Common Stock ($0.10 par value) was cancelled, and new vested securities (Common Stock at $0.01 par value) were issued to the insider, along with warrants described below.
- [F2]The warrant will be exercisable for one share of Common Stock ($0.01 par value) on the earlier to occur of the expiration date or the date of completion of a merger, sale or other reorganization transaction that results in the Common Stock being converted into cash.