SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Tucker Brian L

(Last)

(First)

(Middle)

1250 NE LOOP 410 #1000

(Street)

SAN ANTONIO

78209

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2015

3. Issuer Name and Ticker or Trading Symbol
PIONEER ENERGY SERVICES CORP [ PES ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Pres Drilling Svs. Div.

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	11,126	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	⁽¹⁾	06/04/2022	Common Stock	55,000	$7.02	D
Employee Stock Option (right to buy)	⁽²⁾	01/31/2023	Common Stock	11,623	$7.58	D
Employee Stock Option (right to buy)	⁽³⁾	01/30/2024	Common Stock	10,177	$8.44	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	10,000	⁽⁴⁾	D
Restricted Stock Units	⁽⁶⁾	⁽⁶⁾	Common Stock	8,455	⁽⁴⁾	D
Restricted Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	10,957	⁽⁴⁾	D

Explanation of Responses:

1. The option becomes exercisable in three equal installments on June 4, 2013, 2014 and 2015.

2. The option becomes exercisable in three equal installments on January 31, 2014, 2015 and 2016.

3. The option becomes exercisable in three equal installments on January 30, 2015, 2016 and 2017.

4. Restricted stock units convert into common stock on a one-for-one-basis.

5. On June 4, 2012, the reporting person was granted 30,000 restricted stock units, vesting one-third on June 4, 2013, one-third on June 4, 2014 and the final one-third on June 4, 2015.

6. On May 21, 2013, the reporting person was granted 12,682 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. The reporting person has elected, upon the vesting thereof, to defer the receipt of 126 shares under the terms of the Pioneer Energy Services Corp. Nonqualified Retirement Savings and Investment Plan. The deferred shares will be delivered to the reporting person upon the reporting person's retirement following separation from service or another scheduled distribution date as provided by Section 409A of the Internal Revenue Code of 1986, as amended.

7. On January 30, 2014, the reporting person was granted 10,957 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.

	Brian L. Tucker	01/09/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.