0001109189-18-000019.txt : 20180212
0001109189-18-000019.hdr.sgml : 20180212
20180212201659
ACCESSION NUMBER: 0001109189-18-000019
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180208
FILED AS OF DATE: 20180212
DATE AS OF CHANGE: 20180212
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Newman James F.
CENTRAL INDEX KEY: 0001450261
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32693
FILM NUMBER: 18598699
MAIL ADDRESS:
STREET 1: 801 CHERRY STREET
CITY: FORT WORTH
STATE: TX
ZIP: 76102
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
4
1
wf-form4_151848460558944.xml
FORM 4
X0306
4
2018-02-08
0
0001109189
BASIC ENERGY SERVICES INC
BAS
0001450261
Newman James F.
801 CHERRY STREET
SUITE 2100
FORT WORTH
TX
76102
0
1
0
0
SVP, Region Operations
Common Stock
2018-02-08
4
M
0
29679
0
A
59432
D
Common Stock
2018-02-08
4
F
0
7346
17.31
D
52086
D
Restricted Stock Units
2018-02-08
4
A
0
89036
0
A
Common Stock
89036.0
118714
D
Restricted Stock Units
2018-02-08
4
M
0
29679
0
D
Common Stock
29679.0
89035
D
Stock Option (right to buy)
41.93
2018-02-08
4
A
0
35614
0
A
2027-02-22
Common Stock
35614.0
35614
D
Restricted Stock Units
2018-02-08
4
A
0
15962
0
A
Common Stock
15962.0
104997
D
Restricted stock units convert into common stock on a one-for-one basis.
In connection with the vesting of Restricted Stock Units, the Issuer withheld vested shares of common stock and agreed to satisfy the Reporting Person's tax withholding obligations in lieu of cash. The number of vested shares withheld was based on the closing price of the Issuer's common stock on February 8, 2018. Such shares were acquired as treasury stock by the Issuer.
Represents earning of performance-based Restricted Stock Units that were initially granted on February 22, 2017. Performance for the award was measured based on the Issuer's relative total stockholder return (TSR) compared to the TSR of a selected peer group of energy services companies. The Restricted Stock Units vest in three equal annual installments beginning on February 8, 2018.
The Stock Options vest in three equal annual installments beginning on February 8, 2018. Represents earning of performance-based Stock Options that were initially granted on February 22, 2017. Performance for the award was measured based on the Issuer's relative total stockholder return (TSR) compared to the TSR of a selected peer group of energy services companies.
The Restricted Stock Units vest in three equal annual installments beginning on February 8, 2019.
/s/ John Cody Bissett, Attorney-in-Fact
2018-02-12