Key facts
- This page summarizes Adam Logan Hurley's Form 4 filing for BASIC ENERGY SERVICES, INC..
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 19 May 2021, 19:12.
Adam Logan Hurley - 17 May 2021 Form 4 Insider Report for BASIC ENERGY SERVICES, INC.
- Reporting relationship
- Executive Vice President, Chief Financial Officer, Tresurer and Secretary
- Issuer ticker
- N/A
- Reported as of
- 17 May 2021
- Net transaction value
- -$1,267
- Reporting owner signature
- /s/ Dasha K. Hodge, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Adam Logan Hurley filed Form 4 for BASIC ENERGY SERVICES, INC. on 19 May 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$1,267.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BASX
transaction
Common Stock
Tax liability
- Transaction value
- $248
- Shares
- -2,363
- Change %
- -4.9%
- Price
- $0.1050*
- Shares after
- 45,721
- Date
- 17 May 2021
- Ownership
- Direct
- Footnotes
- F1
BASX
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +9,701
- Change %
- +21%
- Price
- Shares after
- 55,422
- Date
- 17 May 2021
- Ownership
- Direct
- Footnotes
- F2
BASX
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $1,019
- Shares
- -9,701
- Change %
- -18%
- Price
- $0.1050*
- Shares after
- 45,721
- Date
- 17 May 2021
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BASX
transaction
Derivative
Time-Based Phantom Shares
Options Exercise
- Transaction value
- Shares
- -9,701
- Change %
- -50%
- Price
- Shares after
- 9,701
- Date
- 17 May 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 9,701
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
In connection with the vesting of restricted stock, the Issuer withheld vested shares of common stock and agreed to satisfy the Reporting Person's tax withholding obligations in lieu of cash. The number of vested shares withheld was based on the Fair Market Value (as defined in the Basic Energy Services, Inc. 2019 Long Term Incentive Plan) of the Issuer's common stock on May 14, 2021. Such shares were acquired as treasury stock by the Issuer.
Footnote F2
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 Issuer 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 Issuer common stock, and a simultaneous disposition of the underlying Issuer common stock to the Issuer for cash.
Footnote F3
5/17/2021
SEC remarks
Executive Vice President, Chief Financial Officer, Tresurer and Secretary