X0306 4/A 2016-12-15 2016-12-20 0 0000318996 KEY ENERGY SERVICES INC KEG 0001336748 Dodson J Marshall 1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010 0 1 0 0 SVP, CFO and Treas Common Stock ($0.10 par value) 2016-12-15 4 J 0 1198487 D 0 D Common Stock ($0.01 par value) 2016-12-15 4 J 0 6118 A 6118 D Common Stock ($0.01 par value) 2016-12-19 4 F 0 1268 D 4850 D Warrant (right to buy) 43.52 2016-12-15 4 P 0 6892 0.00 A 2020-12-15 Common Stock ($0.01 par value) 6892 6892 D Warrant (right to buy) 54.40 2016-12-15 4 P 0 6892 0.00 A 2021-12-15 Common Stock ($0.01 par value) 6892 6892 D In connection with the Issuer's reorganization pursuant to bankruptcy, all unvested restricted stock awards received 100% accelerated vesting. Pursuant to a reclassification exempt under Rule 16b-7, each then-vested share of Common Stock ($0.10 par value) was cancelled, and new vested securities (Common Stock at $0.01 par value) were issued to the insider, along with warrants described below. The withholding of shares of Common Stock for taxes relates to the accelerated vesting of equity compensation awards that occurred immediately prior to the Issuer's emergence from bankruptcy. For administrative reasons the shares were withheld from the newly issued Common Stock ($0.01). The warrant will be exercisable for one share of Common Stock ($0.01 par value) on the earlier to occur of the expiration date or the date of completion of a merger, sale or other reorganization transaction that results in the Common Stock being converted into cash. The original number of warrants beneficially owned that were previously provided were unintentionally misstated. By: Katherine I. Hargis, Attorney-in-fact for J. Marshall Dodson 2016-12-22