SEC Form 4 · accession 0001123292-18-000760
BASIC ENERGY SERVICES INC · BAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Edward A Mule
Director · 10% Owner
Silver Point Capital L.P.
Director · 10% Owner
Robert J O'Shea
Director · 10% Owner
Period of report
May 21, 2018
Accepted (ET)
May 23, 2018 · 6:10 pm EDT
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,F2 | May 21, 2018 | A | 7,800 | $0.00 | A | 12,100 | I | See footnote |
| Common StockF3 | holding | — | — | — | 3,268,151 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of 7,800 time based restricted shares to Anthony DiNello, a director of the issuer and employee of Silver Point Capital, L.P. ("Silver Point"), that was awarded pursuant to the Basic Energy Services, Inc. Non-Employee Director Incentive Plan. These restricted shares will vest on March 13, 2019.
- F2Mr. DiNello has an understanding with Silver Point pursuant to which he holds shares for the benefit of Silver Point and certain of its affiliates. Accordingly, Mr. DiNello disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
- F3Silver Point is the investment manager of Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Fund, Ltd. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all of the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds. Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all of the securities held by the Funds. Silver Point, Management and Messrs. Mule and O'Shea disclaim beneficial ownership of the reported securities held by the Funds except to the extent of their pecuniary interests.