0001179110-19-000974.txt : 20190128 0001179110-19-000974.hdr.sgml : 20190128 20190128182758 ACCESSION NUMBER: 0001179110-19-000974 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190124 FILED AS OF DATE: 20190128 DATE AS OF CHANGE: 20190128 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LOCKE STACY CENTRAL INDEX KEY: 0001185173 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08182 FILM NUMBER: 19546726 MAIL ADDRESS: STREET 1: 601 CONTOUR DRIVE CITY: SAN ANTONIO STATE: TX ZIP: 78212 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER ENERGY SERVICES CORP CENTRAL INDEX KEY: 0000320575 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 742088619 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1250 N.E. LOOP 410 STREET 2: SUITE 1000 CITY: SAN ANTONIO STATE: TX ZIP: 78209 BUSINESS PHONE: 2108287689 MAIL ADDRESS: STREET 1: 1250 N.E. LOOP 410 STREET 2: SUITE 1000 CITY: SAN ANTONIO STATE: TX ZIP: 78209 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER DRILLING CO DATE OF NAME CHANGE: 20011102 FORMER COMPANY: FORMER CONFORMED NAME: SOUTH TEXAS DRILLING & EXPLORATION INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SOUTH TEXAS DRILLING CO DATE OF NAME CHANGE: 19810715 4 1 edgar.xml FORM 4 - X0306 4 2019-01-24 0 0000320575 PIONEER ENERGY SERVICES CORP PES 0001185173 LOCKE STACY 1250 N E LOOP 410 #1000 SAN ANTONIO TX 78209 1 1 0 0 President & CEO Common Stock 2019-01-25 4 M 0 88509 A 1158161 D Common Stock 2019-01-25 4 F 0 23909 1.43 D 1134252 D Common Stock 25000 I By 2010 Trust Common Stock 180334 I By Locke Children's Trust Restricted Stock Units 2019-01-24 4 A 0 248961 0 A Common Stock 248961 248961 D Phantom Stock 2019-01-24 4 A 0 248961 0 A Common Stock 248961 248961 D Restricted Stock Units 2019-01-25 4 M 0 88509 0 D Common Stock 177019 177019 D The reporting person is the sole trustee and primary beneficiary of the Wm Stacy Locke Trust of 2010 (the "2010 Trust") Restricted Stock Units convert into common stock on a one-for-one basis. The Restricted stock units vest in three equal annual installments on January 24, 2020, January 24, 2021, and January 24,2022. On January 25, 2018, the reporting person was granted 265,528 restricted stock units vesting in three annual installments. 88,509 units vested on January 25, 2019, 88,509 units vest on January 25, 2020, and 88,510 units vest on January 25, 2021. Phantom Stock Units ("PSUs") are payable in cash or shares of common stock of Pioneer Energy Services Corp. (the "Company"). The PSUs were awarded pursuant to the Company's Amended and Restated 2007 Incentive Plan. Each PSU is the economic equivalent of one share of the Company's common stock. Each PSU, when converted to cash or stock, will be equivalent to the average closing price of the Company's common stock for the last 14 consecutive trading days in the month of December immediately prior to the respective vesting date; provided that the maximum vesting date value is $4.62. ) The PSUs vest in three equal annual installments on January 24, 2020, 2021 and 2022. Exhibit List: Exhibit 24 - Power of Attorney Kurt Forkheim, Attorney-in-fact for Wm. Stacy Locke 2019-01-28 EX-24 2 ex24locke.txt Power of Attorney Know all by these presents, that the undersigned hereby constitutes and appoints each of Bryce Seki and Kurt Forkheim, signing singly, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of Pioneer Energy Services Corp (the "Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever 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 such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in- fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 28th day of March 2018. /s/ WM. Stacy Locke ------------------- WM. Stacy Locke