SEC Form 4 · accession 0001209191-16-156535
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
Dec 20, 2016
Accepted (ET)
Dec 22, 2016 · 4:40 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 | Dec 20, 2016 | A | 100,425 | $0.00 | A | 110,188 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $47.99 | Dec 20, 2016 | A | 50,212 | A | — | Dec 19, 2026 | Common Stock | 50,212 | 50,212 | D |
Explanation of responses
- F1Represents an award of 100,425 shares of unvested restricted stock units granted under the Key Energy Services, Inc.'s 2016 Equity and Cash Incentive Plan (the "2016 Plan"). These shares of restricted stock units will vest in four equal annual installments beginning on December 20, 2017.
- F2Includes 100,425 unvested restricted stock units granted under the 2016 Plan.
- F3The option vests in equal quarterly installments on each anniversary of the grant date.