SEC Form 4 · accession 0001109189-19-000009
BASIC ENERGY SERVICES INC · BAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Monroe Patterson
Officer — President and CEO · Director
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 8:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001109189
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 8, 2019 | M | 83,640 | $0.00 | A | 308,958 | D | |
| Common Stock | Feb 8, 2019 | F | 21,056 | $4.51 | D | 287,902 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Feb 8, 2019 | M | 83,640 | A | — | — | Common Stock | 83,640 | 128,255 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2In connection with the vesting of restricted stock units, the Issuer withheld vested shares of common stock and agreed to satisfy the Reporting Person's tax withholding obligations in lieu of cash. The number of vested shares withheld was based on the closing price of the Issuer's common stock on February 8, 2019. Such shares were acquired as treasury stock by the Issuer.
- F3On February 8, 2018, the Reporting Person (i) earned 250,920 performance-based Restricted Stock Units, which vest in three equal annual installments beginning on February 8, 2018 and (ii) was granted 44,615 Restricted Stock Units, which vest in three equal annual installments beginning on March 15, 2019.