SEC Form 4 · accession 0001179110-18-001155
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 25, 2018
Accepted (ET)
Jan 29, 2018 · 1:07 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 Stock | holding | — | — | — | 961,267 | D | ||
| Common StockF1 | holding | — | — | — | 25,000 | I | By 2010 Trust | |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Jan 25, 2018 | A | 265,528 | A | — | — | Common stock | 265,528 | 265,528 | D |
Explanation of responses
- F1The reporting person is the sole trustee and primary beneficiary of The Wm Stacy Locke Trust of 2010 (the "2010 Trust").
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3The Restricted stock units vest in three annual installments. 88,509 units vest on January 25, 2019, 88,509 units vest on January 25, 2020, and 88,510 units vest January 25, 2021.