0001109189-20-000044.txt : 20200311
0001109189-20-000044.hdr.sgml : 20200311
20200311191015
ACCESSION NUMBER: 0001109189-20-000044
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200309
FILED AS OF DATE: 20200311
DATE AS OF CHANGE: 20200311
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: 20706752
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: BASIC ENERGY SERVICES INC
DATE OF NAME CHANGE: 20000523
FORMER COMPANY:
FORMER CONFORMED NAME: SIERRA WELL SERVICE INC
DATE OF NAME CHANGE: 20000313
4
1
wf-form4_158396819766373.xml
FORM 4
X0306
4
2020-03-09
0
0001109189
BASIC ENERGY SERVICES, INC.
BASX
0001450261
Newman James F.
801 CHERRY STREET
SUITE 2100
FORT WORTH
TX
76102
0
1
0
0
SVP, Region Operations
Common Stock
2020-03-09
4
M
0
10640
A
175402
D
Common Stock
2020-03-09
4
F
0
2492
0.13
D
172910
D
Restricted Stock Units
2020-03-09
4
M
0
10640
0
D
Common Stock
10640.0
0
D
The Compensation Committee of the Board of Directors of the Issuer approved accelerated vesting of the Reporting Person's restricted stock units that were otherwise scheduled to vest as follows: (i) 5,320 on March 15, 2020 and (ii) 5,320 on March 15, 2021.
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 March 9, 2020. Such shares were acquired as treasury stock by the Issuer.
/s/ David S. Schorlemer, Attorney-in-Fact
2020-03-11