SEC Form 4/A · accession 0001209191-17-008174

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

Scott P Miller

Officer — SVP Op Svcs and Ch Admin Off

Period of report

Dec 15, 2016

Accepted (ET)

Feb 6, 2017 · 8:38 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
Common Stock ($0.10 par value)^F2,F1	Dec 15, 2016	J	323,879	—	D	0	D
Common Stock ($0.01 par value)^F3,F1	Dec 15, 2016	J	1,613	—	A	1,613	D
Common Stock ($0.01 par value)^F4,F3	Dec 19, 2016	F	401	—	D	1,212	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)^F5,F6	$43.52	Dec 15, 2016	P	1,816	A	—	Dec 15, 2020	Common Stock ($0.01 par value)	1,816	1,816	D
Warrant (right to buy)^F5,F6	$54.40	Dec 15, 2016	P	1,816	A	—	Dec 15, 2021	Common Stock ($0.01 par value)	1,816	1,816	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 original number of shares of Common Stock ($0.10 par value) disposed of in connection with the Issuer's reorganization was previously misstated.
F3The number of shares of Common Stock ($0.01 par value) beneficially owned following the Issuer's reorganization was misstated in the Form 4 and Form 4/A filed on December 20, 2016 and December 22, 2016, respectively, and in the Form 4 filed on December 22, 2016.
F4The 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 (par value $0.01).
F5The number of warrants beneficially owned following the Issuer's reorganization was misstated in the Form 4 and Form 4/A filed on December 20, 2016 and December 22, 2016, respectively.
F6Each warrant will be exercisable for one share of Common Stock ($0.01 par value) until 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 exchanged solely for cash.