Form Type: 4

SEC EDGAR Link
Accession Number:0001109189-20-000099
Date:2020-05-15
Issuer: BASIC ENERGY SERVICES, INC. (BASX)
Original Submission Date:

Reporting Person:

HURLEY ADAM LOGAN
801 CHERRY ST, SUITE 2100
FORT WORTH, TX 76102

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-05-15 M 9,701 a $0.00 57,785 direct
COMMON STOCK 2020-05-15 D 9,701 d $0.29 48,084 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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 9,701 (d) common stock 9,701 $0.00 19,402 direct
Footnotes
IDfootnote
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
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