Statement of Changes in Beneficial Ownership (4)

Date : 02/12/2019 @ 10:38PM
Source : Edgar (US Regulatory)
Stock : Quintana Energy Services Inc (QES)
Quote : 1.71  0.0 (0.00%) @ 2:51PM
Quintana Energy Services share price Chart

Statement of Changes in Beneficial Ownership (4)

FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Herndon Daniel Rogers `
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
(Last)          (First)          (Middle)

1415 LOUISIANA STREET, SUITE 2900
3. Date of Earliest Transaction (MM/DD/YYYY)

2/9/2019
(Street)

HOUSTON, TX 77002
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   2/9/2019     M (1)    17417   A   (2) 144187   D    
Common stock   2/9/2019     F    6829   (3) D $4.95   137358   D    
Common stock   2/9/2019     M (4)    10450   A   (2) 147808   D    
Common stock   2/9/2019     F    4098   (5) D $4.95   143710   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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) 2/9/2019     M         17417      (1)   (1) Common stock   17417.0   $0   34833   (1) D    
Performance Share Unit     (6) 2/9/2019     M         10450      (4)   (4) Common stock   10450.0   $0   20900   (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

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Herndon Daniel Rogers `
1415 LOUISIANA STREET, SUITE 2900
HOUSTON, TX 77002
X
See Remarks

Signatures
/s/ Max L. Bouthillette, attorney-in-fact 2/12/2019
** 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 control number.

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