SEC Form 4 · accession 0001179110-15-001519
PIONEER ENERGY SERVICES CORP · PES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian L Tucker
Officer — EVP & Pres Drilling Svs. Div.
Period of report
Jan 29, 2015
Accepted (ET)
Feb 2, 2015 · 4:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000320575
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 30, 2015 | M | 3,652 | — | A | 14,778 | D | |
| Common StockF1 | Jan 31, 2015 | M | 4,228 | — | A | 19,006 | 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)F2 | $4.10 | Jan 29, 2015 | A | 33,130 | A | — | Jan 29, 2025 | Common stock | 33,130 | 33,130 | D |
| Restricted Stock UnitsF1,F3 | — | Jan 30, 2015 | M | 3,652 | A | — | — | Common Stock | 3,652 | 7,305 | D |
| Restricted Stock UnitsF1,F4 | — | Jan 31, 2015 | M | 4,228 | A | — | — | Common Stock | 4,228 | 4,227 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The option becomes exercisable in three equal installments on January 29, 2016, 2017 and 2018.
- F3On January 30, 2014, the reporting person was granted 10,957 restricted stock units, vesting one-third on January 30, 2015, one-third on January 30, 2016, and the final one-third on January 30, 2017.
- F4On May 21, 2013, the reporting person was granted 12,682 restricted stock units, vesting one-third on January 31, 2014, one-third on January 31, 2015 and the final one-third on January 31, 2016. The reporting person has elected, upon the vesting thereof, to defer the receipt of 126 shares under the terms of the Pioneer Energy Services Corp. Nonqualified Retirement Savings and Investment Plan. The deferred shares will be delivered to the reporting person upon the reporting person's retirement following separation from service or another scheduled distribution date as provided by Section 409A of the Internal Revenue Code of 1986, as amended.