Filing Details

Accession Number:
0001123292-19-001241
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-10-24 20:08:49
Reporting Period:
2019-10-22
Accepted Time:
2019-10-24 20:08:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1109189 Basic Energy Services Inc. BAS () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1029625 A Edward Mule Two Greenwich Plaza, First Floor
Greenwich CT 06830
Yes No No No
1332784 L.p. Capital Point Silver Two Greenwich Plaza, First Floor
Greenwich CT 06830
Yes No No No
1382617 J Robert O'shea Two Greenwich Plaza, First Floor
Greenwich CT 06830
Yes No No 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 Disposition 2019-10-22 100,000 $0.79 2,166,788 No 4 S Direct
Common Stock Disposition 2019-10-24 500,000 $0.74 1,666,788 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 20,000 Indirect See footnotes
Footnotes
  1. Silver Point Capital, L.P. ("Silver Point") is the investment manager of Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Fund, Ltd. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all of the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds. Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all of the securities held by the Funds. Silver Point, Management and Messrs. Mule and O'Shea disclaim beneficial ownership of the reported securities held by the Funds except to the extent of their pecuniary interests.
  2. Represents time based restricted shares granted to Anthony DiNello, a director of the issuer and employee of Silver Point, that were awarded pursuant to the Basic Energy Services, Inc. Non-Employee Director Incentive Plan. These restricted shares will vest on May 15, 2020. Mr. DiNello has an understanding with Silver Point pursuant to which he holds shares for the benefit of Silver Point and certain of its affiliates. Accordingly, Mr. DiNello disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.