SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Harrison Dub W

(Last) (First) (Middle)
400 W. ILLINOIS, SUITE 800

(Street)
MIDLAND TX 79701

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/08/2005
3. Issuer Name and Ticker or Trading Symbol
BASIC ENERGY SERVICES INC [ BAS ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 59,846(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock options (right to buy)(2) (3) 08/13/2011 Common Stock 31,250 $4 D
Stock options (right to buy)(2) (4) 08/13/2011 Common Stock 20,875 $4 D
Stock options (right to buy)(2) (5) 08/13/2011 Common Stock 4,100 $4 D
Stock options (right to buy)(2) (6) 05/05/2013 Common Stock 50,000 $4 D
Stock options (right to buy)(2) (7) 03/02/2015 Common Stock 25,000 $6.98 D
Explanation of Responses:
1. Includes 4,557 shares that the beneficial owner has agreed to sell, and the Issuer has agreed to purchase, as of February 24, 2006, pursuant to the Share Tender and Repurchase Agreement (the "Agreement"). Does not include 11,184 shares that the beneficial owner has agreed to sell, and the Issuer has agreed to purchase, as of the closing date of the initial public offering pursuant to the Agreement. Includes 37,500 shares of restricted stock which are subject to vesting in one-third increments on February 24, 2006, 2007 and 2008, granted under the Second Amended and Restated Basic Energy Services, Inc. 2003 Incentive Plan (the "Plan").
2. Stock options granted under the Plan.
3. Options for 10,500 shares exercisable on January 1, 2002, and for 10,375 shares exercisable on each of January 1, 2003 and January 1, 2004.
4. Options for 10,375 shares exercisable on April 1, 2002 and for 10,500 shares exercisable on April 1, 2004.
5. Options for 4,100 shares exercisable on March 31, 2003.
6. Options for 50,000 shares exercisable in one-third increments on January 1, 2004, 2005 and 2006.
7. Options for 25,000 shares exercisable in one-fourth increments on March 1, 2007, 2008, 2009 and 2010.
/s/ Dub W. Harrison 12/07/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.