SEC Form 4 · accession 0001209191-16-111806
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
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 6:23 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 31, 2016 | F | 9,855 | $0.37 | D | 581,635 | D | |
| Common StockF4,F2,F5 | Mar 31, 2016 | F | 7,951 | $0.37 | D | 573,684 | D | |
| Common StockF6,F2,F7 | Mar 31, 2016 | F | 32,248 | $0.37 | D | 541,436 | 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 31, 2016 of 36,031 shares of restricted stock granted on January 30, 2014.
- F2Vesting price is based on the closing price of common stock on March 31, 2016, pursuant to the Key Energy Services, Inc. 2014 Equity and Cash Incentive Plan (the "2014 Plan")
- F3Includes 146,976 unvested shares of restricted stock granted under the 2014 Plan.
- F4Payment of tax liability by delivery of stock incident to the vesting on March 31, 2016 of 29,070 shares of restricted stock granted on December 23, 2014.
- F5Includes 117,906 unvested shares of restricted stock granted under the 2014 Plan.
- F6Payment of tax liability by delivery of stock incident to the vesting on March 31, 2016 of 117,906 shares of restricted stock granted on January 30, 2015.
- F7"Exit" Form 4 filed solely to report the filer is no longer a Section 16 reporting person serving as Senior Vice President and Chief People Officer effective March 31, 2016. All remaining unvested shares of restricted stock vested in full upon reporting person's end of employment with the Company.