SEC Form 4 · accession 0001179110-16-018197
PIONEER ENERGY SERVICES CORP · PES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacy Locke
Officer — President & CEO · Director
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 4:41 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 | 31,084 | — | A | 634,915 | D | |
| Common StockF1 | Jan 31, 2016 | M | 33,748 | — | A | 668,663 | D | |
| Common Stock | holding | — | — | — | 180,334 | I | By Locke Children's Trust |
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 | 368,240 | A | — | Jan 28, 2026 | Common stock | 368,240 | 368,240 | D |
| Restricted Stock UnitsF1,F3 | — | Jan 30, 2016 | M | 31,084 | D | — | — | Common Stock | 31,084 | 31,085 | D |
| Restricted Stock UnitsF1,F4 | — | Jan 31, 2016 | M | 33,748 | D | — | — | Common Stock | 33,748 | 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 93,253 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 101,246 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.