SEC Form 4 · accession 0001562180-18-000132
KEY ENERGY SERVICES INC · KEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Marshall Dodson
Officer — SVP, CFO and Treas
Period of report
Dec 31, 2017
Accepted (ET)
Jan 3, 2018 · 5:01 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 | Dec 31, 2017 | A | 76,518 | $0.00 | A | 127,504 | D | |
| Common StockF2 | Dec 31, 2017 | A | 12,753 | $0.00 | A | 140,257 | D | |
| Common StockF3 | Dec 31, 2017 | F | 3,488 | $11.82 | D | 136,769 | D | |
| Common StockF4,F5 | Dec 31, 2017 | D | 38,259 | $0.00 | D | 98,510 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to buy)F6 | $47.99 | Dec 31, 2017 | A | 6,377 | A | Dec 20, 2016 | Dec 20, 2026 | Common Stock | 6,377 | 31,883 | D |
| Stock Options (Right to buy)F6 | $19.35 | Dec 31, 2017 | A | 6,377 | A | Dec 15, 2016 | Dec 15, 2026 | Common Stock | 6,377 | 31,883 | D |
| Stock Options (Right to buy)F7 | $19.35 | Dec 31, 2017 | D | 19,129 | D | Dec 15, 2016 | Dec 15, 2026 | Common Stock | 19,129 | 12,754 | D |
| Stock Options (Right to buy)F7 | $47.99 | Dec 31, 2018 | D | 19,129 | D | Dec 20, 2016 | Dec 20, 2026 | Common Stock | 19,129 | 12,754 | D |
Explanation of responses
- F1Each share of Common Stock represents an award of restricted stock units that shall be settled upon vesting in one share of the Company's Common Stock upon the vesting of the underlying award.
- F2Each share of Common Stock represents the settlement of a performance share unit award that became vested on 12/31/2017.
- F3Includes 114,777 unvested restricted stock units granted under the 2016 Plan.
- F4The units were cancelled by mutual agreement of the reporting person and the Company. The reporting person received a grant of restricted stock units and performance share units as consideration for the cancellation.
- F5The number of shares of Common Stock beneficially owned includes 76,518 unvested shares of restricted stock units granted under the 2016 Plan.
- F6The reporting person was granted an option to purchase 25,506 shares of Common Stock. This tranche of the option was scheduled to vest based on the Company's satisfaction of certain performance criteria for the fiscal year 2017. The performance criteria for 2017 were met, resulting in vesting of this tranche of the option.
- F7The option was cancelled by mutual agreement of the reporting person and the Company. The reporting person received a grant of restricted stock units and performance share units as consideration for the cancellation.