Form Type: 4

SEC EDGAR Link
Accession Number:0001109189-21-000025
Date:2021-02-19
Issuer: BASIC ENERGY SERVICES, INC. (BASX)
Original Submission Date:

Reporting Person:

BUHIGAS PEDRO R.
801 CHERRY ST
SUITE 2100 FORT WORTH, TX 76102-0000

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 2021-02-19 M 6,132 a $0.00 17,251 direct
COMMON STOCK 2021-02-19 D 6,132 d $0.16 11,119 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
PERFORMANCE- BASED PHANTOM SHARES 0.0 2021-02-19 deemed execution date A 12,264 (a) common stock 12,264 $0.00 12,264 direct
PERFORMANCE- BASED PHANTOM SHARES 0.0 2021-02-19 deemed execution date M 6,132 (d) common stock 6,132 $0.00 6,132 direct
Footnotes
IDfootnote
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
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