0001209191-16-156232.txt : 20161220
0001209191-16-156232.hdr.sgml : 20161220
20161220210413
ACCESSION NUMBER: 0001209191-16-156232
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161215
FILED AS OF DATE: 20161220
DATE AS OF CHANGE: 20161220
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: KEY ENERGY SERVICES INC
CENTRAL INDEX KEY: 0000318996
STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389]
IRS NUMBER: 042648081
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1301 MCKINNEY STREET
STREET 2: SUITE 1800
CITY: HOUSTON
STATE: TX
ZIP: 77010
BUSINESS PHONE: 713-651-4300
MAIL ADDRESS:
STREET 1: 1301 MCKINNEY STREET
STREET 2: SUITE 1800
CITY: HOUSTON
STATE: TX
ZIP: 77010
FORMER COMPANY:
FORMER CONFORMED NAME: KEY ENERGY GROUP INC
DATE OF NAME CHANGE: 19950217
FORMER COMPANY:
FORMER CONFORMED NAME: NATIONAL ENVIRONMENTAL GROUP INC
DATE OF NAME CHANGE: 19921228
FORMER COMPANY:
FORMER CONFORMED NAME: YANKEE COMPANIES INC
DATE OF NAME CHANGE: 19891012
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hargis Katherine
CENTRAL INDEX KEY: 0001539993
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08038
FILM NUMBER: 162062636
MAIL ADDRESS:
STREET 1: 1301 MCKINNEY STREET
STREET 2: SUITE 1800
CITY: HOUSTON
STATE: TX
ZIP: 77010
FORMER NAME:
FORMER CONFORMED NAME: HARGIS KATHERINE I
DATE OF NAME CHANGE: 20120119
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-12-15
0
0000318996
KEY ENERGY SERVICES INC
KEG
0001539993
Hargis Katherine
1301 MCKINNEY ST
STE 1800
HOUSTON
TX
77010
0
1
0
0
VP, CLO and Secretary
Common Stock ($0.10 par value)
2016-12-15
4
J
0
163874
D
0
D
Common Stock ($0.01 par value)
2016-12-15
4
J
0
837
A
837
D
Common Stock ($0.01 par value)
2016-12-19
4
F
0
208
D
629
D
Warrant (right to buy)
43.52
2016-12-15
4
P
0
942
0.00
A
2020-12-15
Common Stock ($0.01 par value)
942
4891
D
Warrant (right to buy)
54.40
2016-12-15
4
P
0
942
0.00
A
2021-12-15
Common Stock ($0.01 par value)
942
5833
D
In connection with the Issuer's reorganization pursuant to bankruptcy, all unvested restricted stock awards received 100% accelerated vesting. Pursuant to a reclassification exempt under Rule 16b-7, each then-vested share of Common Stock ($0.10 par value) was cancelled, and new vested securities (Common Stock at $0.01 par value) were issued to the insider, along with warrants described below.
The withholding of shares of Common Stock for taxes relates to the accelerated vesting of equity compensation awards that occurred immediately prior to the Issuer's emergence from bankruptcy. For administrative reasons the shares were withheld from the newly issued Common Stock ($0.01).
The warrant will be exercisable for one share of Common Stock ($0.01 par value) on the earlier to occur of the expiration date or the date of completion of a merger, sale or other reorganization transaction that results in the Common Stock being converted into cash.
By: Katherine I. Hargis
2016-12-20