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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) (3) | $ 22.66 | 03/15/2007 | A | 12,000 | (2) | 03/15/2017 | Common Stock | 12,000 | $ 0 | 154,225 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Swift Charles W 400 W. ILLINOIS SUITE 800 MIDLAND, TX 79701 |
Vice President |
/s/ Alan Krenek, Attorney-in-Fact | 03/19/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares of restricted stock granted under the Second Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan (the "Plan"), vesting in one-fourth increments on March 15, 2009, 2010, 2011 and 2012. |
(2) | On February 24, 2007, in accordance with the Plan, the issuer withheld vested shares and agreed to satisfy the executive's withholding tax obligations in lieu of cash out of a number of vested shares based on the closing price per share on March 15, 2007 (the first date for an open trading window after the vesting date). On March 15, 2007, the officer agreed to such final terms of withholding and the number of shares withheld, and effective March 15, 2007 the number of shares indicated in this Form 4 were acquired as treasury stock by the issuer. |
(3) | Stock options granted under the Plan, exercisable in one-fourth increments on January 1, 2009, 2010, 2011 and 2012. |