SEC Form 4 · accession 0001562180-18-000213
KEY ENERGY SERVICES INC · KEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott D. Vogel
Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 4:46 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 | Jan 2, 2018 | A | 10,603 | $0.00 | A | 39,510 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award of restricted stock units ("RSUs") granted under the Key Energy Services, Inc. 2016 Equity and Cash Incentive Plan as annual compensation to independent non-employee members of the board of directors. Each RSU is equal to one share of Common Stock and is payable in stock only. The award will vest in four equal parts quarterly by year end 2018. The reporting person has deferred settlement of the RSUs upon the earlier to occur of: a) December 31, 2020; b) within the sixty (60) day period immediately following the termination of service with the Company; c) within the sixty (60) day period immediately following the consummation of a "Change of Control" of the Company.