Home > Insider Trading > Filing (0001140361-11-007540)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1397346	Best Energy Services Inc.	BEYS	Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)	020789714

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1449258	Morris Gad	592 Fifth Avenue New York NY 10036		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-12-16	2,713,667	$0.00	5,151,167	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Purchase Warrant	Acquisiton	2011-01-13	1	$0.00	5,427,334	$0.10
Common Stock	Common Stock Purchase Warrant	Acquisiton	2009-11-27	1	$0.00	600,000	$0.10
Common Stock	Series A Preferred Stock	Acquisiton	2009-12-31	15,638	$0.00	39,093	$0.00
Common Stock	Series A Preferred Stock	Acquisiton	2010-03-31	16,474	$0.00	41,185	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1	2011-01-13	2016-01-12	No	5	J	Direct
1	2009-11-27	2014-11-26	No	5	J	Direct
308,356	2009-12-31		No	5	J	Direct
324,830	2010-03-31		No	5	J	Direct

Footnotes

The Company issued the shares and the common stock purchase warrant in lieu of paying accrued interest of $271,367 on a certificate of deposit posted by the Reporting Person with a financial institution which provided credit to the company.
Received from the Company, together with a 20% interest in one of its subsidiaries and an assignment of a short term lease, in consideration of Reporting Person advancing $50,000 for the benefit of the Company.
Granted by the Company as a payment in kind to holders of Series A Preferred Stock. The Series A Preferred Stock has a stated value of $10 per share, and is to be redeemed by the Company using not less than 25% of its net income each year. The unredeemed face value may be converted by the holder at $4.00 per share, or by the Company at $4.00 per share if the common stock closes at $9.60 or higher for more than twenty consecutive days.