SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Herndon Daniel Rogers `

(Last) (First) (Middle)
1415 LOUISIANA STREET, SUITE 2900

(Street)
HOUSTON TX 77002

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Quintana Energy Services Inc. [ QES ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2019
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common stock 02/09/2019 M(1) 17,417 A (2) 144,187 D
Common stock 02/09/2019 F 6,829(3) D $4.95 137,358 D
Common stock 02/09/2019 M(4) 10,450 A (2) 147,808 D
Common stock 02/09/2019 F 4,098(5) D $4.95 143,710 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (2) 02/09/2019 M 17,417 (1) (1) Common stock 17,417 $0 34,833(1) D
Performance Share Unit (6) 02/09/2019 M 10,450 (4) (4) Common stock 10,450 $0 20,900(4) D
Explanation of Responses:
1. Represents the conversion upon vesting of certain restricted stock units into common stock of the Company. As previously reported on April 20, 2018, the reporting person was granted 52,250 restricted stock units on April 18, 2018, of which one-third vested on February 9, 2019 in accordance with the Company's 2018 Long Term Incentive Plan. Vesting shall occur on the remaining restricted stock units on the first and second anniversaries of February 9, 2019.
2. Each restricted stock unit represents the right to receive, upon vesting, one share of Company common stock.
3. Reflects 6,829 shares withheld by the Company at the market price of $4.95 per share to fund the payment of taxes for the restricted stock unit conversion.
4. Represents the conversion upon vesting of certain performance share units (PSUs) into common stock of the Company. As previously reported on April 20, 2018, the reporting person was previously awarded 104,500 under the Company's Long Term Incentive Plan on April 18, 2018. The PSUs vest and are settled when they have performance vested in accordance with certain achieved goals that are based on (i) relative total stockholder return and (ii) absolute total stockholder return. It has been determined that 31,350 of those PSUs are earned and eligible for vesting. On February 9, 2019, one-third of the PSUs earned were vested and settled. Should the reporting person satisfy the service requirement applicable to such earned performance units, vesting shall occur on the remaining PSUs in equal installments on the first and second anniversaries of February 9, 2019
5. Reflects 4,098 shares withheld by the Company at the market price of $4.95 per share to fund the payment of taxes for the performance share unit conversion.
6. Each performance share unit represents the right to receive, upon vesting, one share of Company common stock.
Remarks:
Chief Executive Officer and President
/s/ Max L. Bouthillette, attorney-in-fact 02/12/2019
** 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 4 (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.