0001109189-16-000439.txt : 20161230
0001109189-16-000439.hdr.sgml : 20161230
20161230163543
ACCESSION NUMBER: 0001109189-16-000439
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161223
FILED AS OF DATE: 20161230
DATE AS OF CHANGE: 20161230
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BASIC ENERGY SERVICES INC
CENTRAL INDEX KEY: 0001109189
STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389]
IRS NUMBER: 542091194
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 801 CHERRY STREET
STREET 2: SUITE 2100
CITY: FORT WORTH
STATE: TX
ZIP: 76102
BUSINESS PHONE: 817-334-4100
MAIL ADDRESS:
STREET 1: 801 CHERRY STREET
STREET 2: SUITE 2100
CITY: FORT WORTH
STATE: TX
ZIP: 76102
FORMER COMPANY:
FORMER CONFORMED NAME: SIERRA WELL SERVICE INC
DATE OF NAME CHANGE: 20000313
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MOORE THOMAS JR
CENTRAL INDEX KEY: 0001222729
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32693
FILM NUMBER: 162077873
4
1
wf-form4_148313373092681.xml
FORM 4
X0306
4
2016-12-23
1
0001109189
BASIC ENERGY SERVICES INC
BAS
0001222729
MOORE THOMAS JR
801 CHERRY STREET
SUITE 2100
FORT WORTH
TX
76102
0
0
0
1
Former Director
Common Stock
2016-12-23
4
J
0
32499
0
D
0
D
Common Stock
2016-12-23
4
J
0
7000
0
D
0
I
By Moore Family Trust
New Common Stock
2016-12-23
4
J
0
32
0
A
32
D
New Common Stock
2016-12-23
4
J
0
4038
0
A
4070
D
Warrants
55.25
2016-12-23
4
J
0
886
0
A
2016-12-23
2023-12-23
New Common Stock
886.0
886
D
The Issuer and certain of its subsidiaries (collectively with the Issuer, the "Debtors") filed voluntary petitions (the cases commenced thereby, the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code on October 25, 2016 in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On December 9, 2016, the Bankruptcy Court entered an order approving the First Amended Joint Prepackaged Chapter 11 Plan of Basic Energy Services, Inc. and its Affiliated Debtors (as confirmed, the "Prepackaged Plan"), and on December 23, 2016 (the "Effective Date"), the Prepackaged Plan became effective pursuant to its terms and the Debtors emerged from the Chapter 11 Cases. On the Effective Date, all outstanding shares of the Issuer's common stock (the "Old Common Stock") were cancelled and extinguished.
These shares are held in a trust for the benefit of the reporting person's spouse. The reporting person and the reporting person's spouse are trustees of the trust.
New shares of the Issuer's common stock, par value $0.01 per share (the "New Common Stock") were issued to all of the Issuer's stockholders (including the Reporting Person) pursuant to the Prepackaged Plan in exchange for the Old Common Stock held by such persons on the Effective Date under the Prepackaged Plan. The receipt of the New Common Stock in exchange for Old Common Stock was involuntary, without consideration and in accordance with the Prepackaged Plan approved by the Bankruptcy Court.
Shares of New Common Stock were issued to holders of the Issuer's 7.75% Senior Notes due 2019 and 7.75% Senior Notes due 2022 (collectively, the "Notes") (including the Reporting Person) pursuant to the Prepackaged Plan in exchange for outstanding Notes held by such persons Effective Date under the Prepackaged Plan. The receipt of the New Common Stock in exchange for the Notes was involuntary, without consideration and in accordance with the Prepackaged Plan approved by the Bankruptcy Court.
The warrants were issued to the Reporting Person pursuant to the Prepackaged Plan. The receipt of the warrants was involuntary and without consideration.
/s/ John Cody Bissett, Attorney-in-Fact
2016-12-30