0001209191-11-019166.txt : 20110322 0001209191-11-019166.hdr.sgml : 20110322 20110322151451 ACCESSION NUMBER: 0001209191-11-019166 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110318 FILED AS OF DATE: 20110322 DATE AS OF CHANGE: 20110322 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HUSEMAN KENNETH V CENTRAL INDEX KEY: 0001222728 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32693 FILM NUMBER: 11703804 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: 400 W. ILLINOIS, SUITE 800 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 4326205500 MAIL ADDRESS: STREET 1: 400 W. ILLINOIS, SUITE 800 CITY: MIDLAND STATE: TX ZIP: 79701 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA WELL SERVICE INC DATE OF NAME CHANGE: 20000313 4 1 c14447_4x0.xml MAIN DOCUMENT DESCRIPTION X0303 4 2011-03-18 0001109189 BASIC ENERGY SERVICES INC BAS 0001222728 HUSEMAN KENNETH V 1 1 0 0 President and CEO Common Stock 2011-03-18 4 M 0 10000 4 A 702455 D Common Stock 2011-03-18 4 S 0 15000 22.7506 D 687455 D Common Stock 2011-03-18 4 F 0 10253 23 D 677202 D Common Stock 16270 I By spouse Stock Option (Right to Buy) 4 2011-03-18 4 M 0 10000 0 D 2006-01-01 2013-05-04 Common Stock 10000 138200 D The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan entered into by the reporting person on March 4, 2011. In connection with the vesting of shares of restricted stock pursuant to the Fourth Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan, the issuer withheld vested shares and agreed to satisfy the executive's withholding tax obligations in lieu of cash. The number of vested shares withheld was based on the closing price per share on March 18, 2011. The withholding of vested shares pursuant to this award was approved by the Compensation Committee of the board of directors of the issuer, and the number of shares indicated in this Form 4 were acquired as treasury stock by the issuer. Stock options granted under the Fourth Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan. Cody Bissett, Attorney-in-Fact 2011-03-22