Accession Number: | 0001109189-20-000097 |
Date: | 2020-05-15 |
Issuer: | BASIC ENERGY SERVICES, INC. (BASX) |
Original Submission Date: |
WEGNER RICHARD SCOTT
801 CHERRY ST, SUITE 2100
FORT WORTH, TX 76102
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-05-15 | M | 3,511 | a | $0.00 | 23,816 | direct | ||
COMMON STOCK | 2020-05-15 | D | 3,511 | d | $0.29 | 20,305 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TIME-BASED PHANTOM SHARES | 0.0 | 2020-05-15 | deemed execution date | M | 3,511 (d) | common stock 3,511 | $0.00 | 7,022 | direct |
ID | footnote |
---|---|
f1 | represents vesting of cash-settled time-based phantom shares (the "phantom shares") granted under the basic energy services, inc. 2019 long term incentive plan. each phantom share is the economic equivalent of one share of company common stock, subject to a maximum settlement amount of $9.00 per phantom share. the settlement of the phantom shares for cash is reported on this form 4 as a disposition of the phantom shares being settled in exchange for the acquisition of the underlying company common stock, and a simultaneous disposition of the underlying company common stock to the company for cash. |
f2 | 5/15/2020 |