0001179110-19-000974.txt : 20190128
0001179110-19-000974.hdr.sgml : 20190128
20190128182758
ACCESSION NUMBER: 0001179110-19-000974
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190124
FILED AS OF DATE: 20190128
DATE AS OF CHANGE: 20190128
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LOCKE STACY
CENTRAL INDEX KEY: 0001185173
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08182
FILM NUMBER: 19546726
MAIL ADDRESS:
STREET 1: 601 CONTOUR DRIVE
CITY: SAN ANTONIO
STATE: TX
ZIP: 78212
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
edgar.xml
FORM 4 -
X0306
4
2019-01-24
0
0000320575
PIONEER ENERGY SERVICES CORP
PES
0001185173
LOCKE STACY
1250 N E LOOP 410 #1000
SAN ANTONIO
TX
78209
1
1
0
0
President & CEO
Common Stock
2019-01-25
4
M
0
88509
A
1158161
D
Common Stock
2019-01-25
4
F
0
23909
1.43
D
1134252
D
Common Stock
25000
I
By 2010 Trust
Common Stock
180334
I
By Locke Children's Trust
Restricted Stock Units
2019-01-24
4
A
0
248961
0
A
Common Stock
248961
248961
D
Phantom Stock
2019-01-24
4
A
0
248961
0
A
Common Stock
248961
248961
D
Restricted Stock Units
2019-01-25
4
M
0
88509
0
D
Common Stock
177019
177019
D
The reporting person is the sole trustee and primary beneficiary of the Wm Stacy Locke Trust of 2010 (the "2010 Trust")
Restricted Stock Units convert into common stock on a one-for-one basis.
The Restricted stock units vest in three equal annual installments on January 24, 2020, January 24, 2021, and January 24,2022.
On January 25, 2018, the reporting person was granted 265,528 restricted stock units vesting in three annual installments. 88,509 units vested on January 25, 2019, 88,509 units vest on January 25, 2020, and 88,510 units vest on January 25, 2021.
Phantom Stock Units ("PSUs") are payable in cash or shares of common stock of Pioneer Energy Services Corp. (the "Company"). The PSUs were awarded pursuant to the Company's Amended and Restated 2007 Incentive Plan.
Each PSU is the economic equivalent of one share of the Company's common stock. Each PSU, when converted to cash or stock, will be equivalent to the average closing price of the Company's common stock for the last 14 consecutive trading days in the month of December immediately prior to the respective vesting date; provided that the maximum vesting date value is $4.62.
) The PSUs vest in three equal annual installments on January 24, 2020, 2021 and 2022.
Exhibit List: Exhibit 24 - Power of Attorney
Kurt Forkheim, Attorney-in-fact for Wm. Stacy Locke
2019-01-28
EX-24
2
ex24locke.txt
Power of Attorney
Know all by these presents, that the undersigned hereby constitutes and
appoints
each of Bryce Seki and Kurt Forkheim, signing singly, the undersigned's
true and
lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the
undersigned's
capacity as an officer and/or director of Pioneer Energy Services
Corp (the
"Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the
Securities
Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned
which may be necessary or desirable to complete and execute any such Form
3, 4
or 5, complete and execute any amendment or amendments thereto, and
timely
file such form with the United States Securities and Exchange
Commission and
any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection
with the
foregoing which, in the opinion of such attorney-in-fact, may be of
benefit to,
in the best interest of, or legally required by, the undersigned,
it being
understood that the documents executed by such attorney-in-fact on behalf
of the
undersigned pursuant to this Power of Attorney shall be in such form
and shall
contain such terms and conditions as such attorney-in-fact may approve
in such
attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full
power and
authority to do and perform any and every act and thing whatsoever
requisite,
necessary, or proper to be done in the exercise of any of the rights and
powers
herein granted, as fully to all intents and purposes as the undersigned
might or
could do if personally present, with full power of substitution or
revocation,
hereby ratifying and confirming all that such attorney-in-fact,
or such
attorney-in-fact's substitute or substitutes, shall lawfully do or
cause to be
done by virtue of this Power of Attorney and the rights and powers
herein
granted. The undersigned acknowledges that the foregoing attorneys-in-
fact, in
serving in such capacity at the request of the undersigned, are not
assuming,
nor is the Company assuming, any of the undersigned's responsibilities to
comply
with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect
until the
undersigned is no longer required to file Forms 3, 4 and 5 with respect
to the
undersigned's holdings of and transactions in securities issued by the
Company,
unless earlier revoked by the undersigned in a signed writing delivered
to the
foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be
executed as of this 28th day of March 2018.
/s/ WM. Stacy Locke
-------------------
WM. Stacy Locke