0001109189-20-000109.txt : 20200618 0001109189-20-000109.hdr.sgml : 20200618 20200618182720 ACCESSION NUMBER: 0001109189-20-000109 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200608 FILED AS OF DATE: 20200618 DATE AS OF CHANGE: 20200618 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Buhigas Pedro R. CENTRAL INDEX KEY: 0001814898 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32693 FILM NUMBER: 20973795 MAIL ADDRESS: STREET 1: 801 CHERRY STREET STREET 2: SUITE 2100 CITY: FORT WORTH STATE: TX ZIP: 76102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BASIC ENERGY SERVICES, INC. CENTRAL INDEX KEY: 0001109189 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 542091194 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 801 CHERRY STREET STREET 2: SUITE 2100 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 817-334-4100 MAIL ADDRESS: STREET 1: 801 CHERRY STREET STREET 2: SUITE 2100 CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: BASIC ENERGY SERVICES INC DATE OF NAME CHANGE: 20000523 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA WELL SERVICE INC DATE OF NAME CHANGE: 20000313 3 1 wf-form3_159251922212966.xml FORM 3 X0206 3 2020-06-08 0 0001109189 BASIC ENERGY SERVICES, INC. BASX 0001814898 Buhigas Pedro R. 801 CHERRY ST SUITE 2100 FORT WORTH TX 76102-0000 0 1 0 0 See Remarks Common Stock 11119 D Time-Based Phantom Shares (MIP) Common Stock 6000.0 D Time-Based Phantom Shares Common Stock 8176.0 D Includes 8,176 shares of restricted stock granted under the Basic Energy Services, Inc. 2019 Long Term Incentive Plan (the "LTIP"), vesting in one-third increments. The first one-third increment vested on May 15, 2020, with the remaining 8,176 shares of restricted stock vesting on May 15, 2021 and 2022. Cash-settled time-based phantom shares granted under the Management Incentive Plan, vesting in three equal annual increments. The first two increments vested on March 15, 2019 and March 15, 2020, with the remaining 6,000 cash-settled time-based phantom shares vesting on March 15, 2021. Each cash-settled time-based phantom share is the economic equivalent of one share of Company common stock. Cash-settled time-based phantom shares granted under the LTIP, vesting in one-third increments. The first one-third increment vested on May 15, 2020, with the remaining 8,176 cash-settled time-based phantom shares vesting on May 15, 2021 and 2022. Each cash-settled time-based phantom share is the economic equivalent of one share of Company common stock, subject to a maximum settlement amount of $9.00 per phantom share. Chief Information & Technology Officer Power of Attorney is attached hereto as Exhibit 24. /s/ David S. Schorlemer, Attorney-in-Fact 2020-06-18 EX-24 2 powerofattorney-buhigas.htm EX 24. POWER OF ATTORNEY

POWER OF ATTORNEY
FOR EXECUTING FORM 3, FORM 4 AND FORM 5,
FORM 144 AND SCHEDULE 13D AND 13G


The undersigned, in his individual capacity, hereby constitutes and appoints each of David Schorlemer and Dasha K. Hodge with full power of substitution, as the undersigned's true and lawful attorney-in-fact to:

1.    Execute for and on behalf of the undersigned (a) any Form 3, Form 4 and Form 5 (including amendments thereto) in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), (b) Form 144, (c) Schedule 13D and Schedule 13G (including amendments thereto) in accordance with Sections 13(d) and 13(g) of the Exchange Act, and (d) any joint filing agreement in connection with the preceding clauses (a)-(c), in each case of the preceding clauses (a) - (d) with respect to securities issued by Basic Energy Services, Inc., a Delaware corporation (the "Company");

2.    Do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any Form 3, Form 4, Form 5, Form 144, Schedule 13D or Schedule 13G (including amendments thereto), in each case, with respect to securities of the Company and timely file the forms or schedules with the Securities and Exchange Commission and any stock exchange or quotation system, self-regulatory association or any other authority, and provide a copy as required by law or advisable to such persons as the attorney-in-fact deems appropriate; and

3.    Take any other action in connection with the foregoing that, in the opinion of the attorney-in-fact, may be of benefit to, in the best interest of or legally required of the undersigned, it being understood that the documents executed by the attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in the form and shall contain the terms and conditions as the attorney-in-fact may approve in the attorney-in-fact's discretion.

The undersigned hereby grants to the attorney-in-fact full power and authority to do and perform all and every act requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that the attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers granted herein.

This Power of Attorney shall remain in full force and effect until the undersigned revokes this Power of Attorney in a signed writing delivered to the Company or either attorney-in-fact.  This Power of Attorney does not revoke any other power of attorney that the undersigned has previously granted.


IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 8th day of June, 2020.

    Signature:      /s/ Pedro R. Buhigas
    Title: Chief Information & Technology Officer
    Name:  Perdo R. Buhigas