SEC Form 4 · accession 0001179110-16-023689
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
Apr 30, 2016
Accepted (ET)
May 3, 2016 · 5:40 pm EDT
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 | Apr 30, 2016 | A | 21,130 | $0.00 | A | 185,287 | D | |
| Common StockF2 | Apr 30, 2016 | F | 5,778 | $3.11 | D | 179,509 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued pursuant to the vesting of shares under a performance-based restricted stock unit award granted under the Pioneer Energy Services Corp. Amended and Restated 2007 Incentive Plan. The performance criteria achieved was based upon the Company's EBITDA growth, EBITDA return on capital employed, and total shareholder return growth versus a defined group of ten peer companies over a three-year performance period.
- F2These shares were withheld by the issuer to pay for the applicable withholding tax due upon vesting.