SEC Form 4 · accession 0001209191-16-129354
KEY ENERGY SERVICES INC · KEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Wayne Drummond Jr.
Officer — President and CEO · Director
Period of report
Jun 22, 2016
Accepted (ET)
Jun 23, 2016 · 4:18 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 | Jun 22, 2016 | F | 81,299 | $0.25 | D | 2,539,825 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Payment for tax liability by deliver of stock incident to the vesting on June 22, 2016 of 193,798 shares of restricted stock.
- F2Vesting price is based on the closing price of common stock on June 22, 2016, pursuant to Key Energy Services, Inc., 2014 Equity and Cash Incentive Plan (the "Plan").
- F3Includes 2,427,326 unvested shares of restricted stock granted under the 2014 Plan.