0000899243-20-014874.txt : 20200602
0000899243-20-014874.hdr.sgml : 20200602
20200602140930
ACCESSION NUMBER: 0000899243-20-014874
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200529
FILED AS OF DATE: 20200602
DATE AS OF CHANGE: 20200602
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Morytko Tamara
CENTRAL INDEX KEY: 0001780203
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08182
FILM NUMBER: 20936539
MAIL ADDRESS:
STREET 1: 1250 NE LOOP 410
STREET 2: SUITE 1000
CITY: SAN ANTONIO
STATE: TX
ZIP: 78209
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PIONEER ENERGY SERVICES CORP
CENTRAL INDEX KEY: 0000320575
STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381]
IRS NUMBER: 742088619
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1250 N.E. LOOP 410
STREET 2: SUITE 1000
CITY: SAN ANTONIO
STATE: TX
ZIP: 78209
BUSINESS PHONE: 2108287689
MAIL ADDRESS:
STREET 1: 1250 N.E. LOOP 410
STREET 2: SUITE 1000
CITY: SAN ANTONIO
STATE: TX
ZIP: 78209
FORMER COMPANY:
FORMER CONFORMED NAME: PIONEER DRILLING CO
DATE OF NAME CHANGE: 20011102
FORMER COMPANY:
FORMER CONFORMED NAME: SOUTH TEXAS DRILLING & EXPLORATION INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: SOUTH TEXAS DRILLING CO
DATE OF NAME CHANGE: 19810715
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-05-29
1
0000320575
PIONEER ENERGY SERVICES CORP
*
0001780203
Morytko Tamara
1250 N E LOOP 410 #1000
SAN ANTONIO
TX
78209
1
0
0
0
Common Stock
2020-05-29
4
A
0
55
A
55
D
On March 1, 2020, Pioneer Energy Services Corp. (the "Issuer") and its subsidiaries, (collectively, with the Issuer, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. Debtors also filed a prepackaged Chapter 11 plan of reorganization (the "Plan") with the Bankruptcy Court. On May 11, 2020, the Bankruptcy Court entered an order, Docket No. 331 (the "Confirmation Order") confirming the Plan. On May 29, 2020 (the "Effective Date"), the Debtors emerged from bankruptcy and the Plan became effective pursuant to its terms.
On the Effective Date, and pursuant to the Plan, all outstanding shares of the Issuer's common stock, par value $0.10 (the "Old Shares") were exchanged for new shares of the Issuer's common stock, $0.001 par value per share (the "New Shares") at the conversion rate of 0.0006849838 New Shares for each Old Share. The receipt of New Shares was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
In connection with the Plan becoming effective, all unvested equity awards for Old Shares granted under the Pioneer Energy Services Corp. Amended and Restated 2007 Incentive Plan (the "2007 Incentive Plan") that were held by any director or employee of the Issuer on the Effective Date vested and became New Shares at the conversion rate of 0.0006849838 New Shares for each Old Share. On the Effective Date, the Reporting Person held 81,012 Old Shares pursuant to unvested equity award grants under the 2007 Incentive Plan, all of which had their vesting accelerate and convert into New Shares. The 81,012 Old Shares represented a restricted stock award to the Reporting Person on July 1, 2019 which would have fully vested on July 1, 2020.
* The Company is not currently listed on any exchange or on the OTC market and therefore does not have a symbol.
Bryce Seki, Attorney-in-fact for Tamara Morytko
2020-06-02