SEC Form 4/A · accession 0001209191-16-156567
KEY ENERGY SERVICES INC · KEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
J Marshall Dodson
Officer — SVP, CFO and Treas
Period of report
Dec 15, 2016
Accepted (ET)
Dec 22, 2016 · 5:28 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 Stock ($0.10 par value)F1 | Dec 15, 2016 | J | 1,198,487 | — | D | 0 | D | |
| Common Stock ($0.01 par value)F1 | Dec 15, 2016 | J | 6,118 | — | A | 6,118 | D | |
| Common Stock ($0.01 par value)F2 | Dec 19, 2016 | F | 1,268 | — | D | 4,850 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F4,F3 | $43.52 | Dec 15, 2016 | P | 6,892 | A | — | Dec 15, 2020 | Common Stock ($0.01 par value) | 6,892 | 6,892 | D |
| Warrant (right to buy)F4,F3 | $54.40 | Dec 15, 2016 | P | 6,892 | A | — | Dec 15, 2021 | Common Stock ($0.01 par value) | 6,892 | 6,892 | D |
Explanation of responses
- F1In connection with the Issuer's reorganization pursuant to bankruptcy, all unvested restricted stock awards received 100% accelerated vesting. Pursuant to a reclassification exempt under Rule 16b-7, each then-vested share of Common Stock ($0.10 par value) was cancelled, and new vested securities (Common Stock at $0.01 par value) were issued to the insider, along with warrants described below.
- F2The withholding of shares of Common Stock for taxes relates to the accelerated vesting of equity compensation awards that occurred immediately prior to the Issuer's emergence from bankruptcy. For administrative reasons the shares were withheld from the newly issued Common Stock ($0.01).
- F3The warrant will be exercisable for one share of Common Stock ($0.01 par value) on the earlier to occur of the expiration date or the date of completion of a merger, sale or other reorganization transaction that results in the Common Stock being converted into cash.
- F4The original number of warrants beneficially owned that were previously provided were unintentionally misstated.