SEC Form 4 · accession 0001209191-16-109176
KEY ENERGY SERVICES INC · KEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Alario
Other
Period of report
Mar 5, 2016
Accepted (ET)
Mar 17, 2016 · 5:16 pm EDT
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 | Mar 5, 2016 | F | 24,207 | $0.39 | D | 1,652,769 | D | |
| Common StockF4,F2,F5 | Mar 5, 2016 | F | 45,584 | $0.39 | D | 1,607,185 | 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 March 5, 2016 of 88,506 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 166,666 unvested shares of restricted stock granted under the 2014 Plan.
- F4Payment of tax liability by delivery of stock incident to the vesting on March 5, 2016 of 166,666 shares of restricted stock granted on January 30, 2015.
- F5"Exit" Form 4 filed solely to report the filer is no longer a Section 16 reporting person and all remaining unvested shares of restricted stock vested in full upon reporting person's retirement date, effective March 5, 2016, with the Company.