X0202 3 2005-12-08 0 0001109189 BASIC ENERGY SERVICES INC BAS 0001222728 HUSEMAN KENNETH V 400 W. ILLINOIS, SUITE 800 MIDLAND TX 79701 1 1 0 0 President, CEO Common stock 531160 D Common stock 91060 I By trust Stock options (right to buy) 4.00 2011-08-13 Common stock 150000 D Stock options (right to buy) 4.00 2011-08-13 Common stock 100000 D Stock options (right to buy) 4.00 2011-08-13 Common stock 16405 D Stock options (right to buy) 4.00 2013-05-05 Common stock 200000 D Stock options (right to buy) 6.98 2013-03-02 Common stock 100000 D Includes 41,000 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 101,975 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 337,500 shares of restricted stock which remain 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"). Stock options granted under the Plan. Options for 150,000 shares exercisable in one-third increments on January 1, 2002, 2003 and 2004. Options for 50,000 shares exercisable on each of April 1, 2002 and April 1, 2004. Options for 16,405 shares exercisable on March 31, 2003. Options for 66,700 shares exercisable on January 1, 2004, and for 66,650 shares exercisable on each of January 1, 2005 and 2006. Options for 100,000 shares exercisable in one-fourth increments on March 1, 2007, 2008, 2009 and 2010. /s/ Kenneth V. Huseman 2005-12-07