SEC Form 4 · accession 0001179110-15-001523
PIONEER ENERGY SERVICES CORP · PES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lorne Phillips
Officer — EVP & CFO
Period of report
Jan 29, 2015
Accepted (ET)
Feb 2, 2015 · 4:01 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 | 10,445 | — | A | 115,082 | D | |
| Common Stock | Jan 30, 2015 | F | 3,410 | $4.14 | D | 111,672 | D | |
| Common StockF1 | Jan 31, 2015 | M | 9,770 | — | A | 121,442 | D | |
| Common Stock | Jan 31, 2015 | F | 3,052 | $4.14 | D | 118,390 | 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 | 49,728 | A | — | Jan 29, 2025 | Common stock | 49,728 | 49,728 | D |
| Restricted Stock UnitsF1,F3 | — | Jan 30, 2015 | M | 10,445 | A | — | — | Common Stock | 10,445 | 20,891 | D |
| Restricted Stock UnitsF1,F4 | — | Jan 31, 2015 | M | 9,770 | A | — | — | Common Stock | 9,770 | 9,769 | 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 31,336 restricted stock units, vesting one-third on January 31, 2015, one-third on January 31, 2016, and the final one-third on January 31, 2017.
- F4On May 21, 2013, the reporting person was granted 29,308 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.