Accession Number: | 0001109189-21-000024 |
Date: | 2021-02-19 |
Issuer: | BASIC ENERGY SERVICES, INC. (BASX) |
Original Submission Date: |
MCGUIRE BRANDON B.
801 CHERRY ST
SUITE 2100
FORT WORTH, TX 76102-0000
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 | 2021-02-19 | M | 8,319 | a | $0.00 | 61,644 | direct | ||
COMMON STOCK | 2021-02-19 | D | 8,319 | d | $0.16 | 53,325 | 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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PERFORMANCE- BASED PHANTOM SHARES | 0.0 | 2021-02-19 | deemed execution date | A | 16,638 (a) | common stock 16,638 | $0.00 | 16,638 | direct | |||
PERFORMANCE- BASED PHANTOM SHARES | 0.0 | 2021-02-19 | deemed execution date | M | 8,319 (d) | common stock 8,319 | $0.00 | 8,319 | direct |
ID | footnote |
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f1 | represents cash-settled performance-based phantom shares (the "phantom shares") granted under the basic energy services, inc. 2019 long term incentive plan, vesting in one-half increments on february 19, 2021 and 2022. each cash-settled time-based 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 | 02/19/2021 |