SEC Form 4 · accession 0001209191-16-094974
KEY ENERGY SERVICES INC · KEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kim B Clarke
Officer — SVP, Admin and Chf People Off
Period of report
Jan 30, 2016
Accepted (ET)
Feb 2, 2016 · 6:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000318996
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 30, 2016 | F | 11,765 | $0.32 | D | 610,739 | D | |
| Common StockF4,F2,F5 | Jan 30, 2016 | F | 19,249 | $0.32 | D | 591,490 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Payment of tax liability by delivery of stock incident to the vesting on January 30, 2016 of 36,031 shares of restricted stock granted on January 30, 2014.
- F2Vesting price is based on the average of the closing price of common stock on the trading date immediately preceding the vesting date and the opening price of the stock on the first trading day following the vesting date, pursuant to the Key Energy Services, Inc. 2014 Equity and Cash Incentive Plan (the "2014 Plan")
- F3Includes 241,960 unvested shares of restricted stock granted under the 2014 Plan.
- F4Payment of tax liability by delivery of stock incident to the vesting on January 30, 2016 of 58,953 shares of restricted stock granted on January 30, 2015.
- F5Includes 183,007 unvested shares of restricted stock granted under the 2014 Plan.