SEC Form 4 · accession 0001179110-16-018193
PIONEER ENERGY SERVICES CORP · PES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bill W. Bouziden
Officer — Sr VP Wireline & Coil Tubing
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 4:39 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, 2016 | M | 3,778 | — | A | 3,778 | D | |
| Common Stock | Jan 30, 2016 | F | 1,233 | $1.37 | D | 2,545 | D | |
| Common StockF1 | Jan 31, 2016 | M | 2,354 | — | A | 4,899 | D | |
| Common Stock | Jan 31, 2016 | F | 768 | $1.37 | D | 4,131 | 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 | $1.31 | Jan 28, 2016 | A | 54,936 | A | — | Jan 28, 2026 | Common stock | 54,936 | 54,936 | D |
| Restricted Stock UnitsF1,F3 | — | Jan 30, 2016 | M | 3,778 | D | — | — | Common Stock | 3,778 | 3,778 | D |
| Restricted Stock UnitsF1,F4 | — | Jan 31, 2016 | M | 2,354 | D | — | — | Common Stock | 2,354 | 0 | 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 28, 2017, 2018 and 2019.
- F3On January 30, 2014, the reporting person was granted 11,334 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 January 31, 2013, the reporting person was granted 7,060 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.