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SEC Filings

10-K
KEY ENERGY SERVICES INC filed this Form 10-K on 02/28/2018
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grant date value of $6,405,043, $3,253,524, $2,015,002, $1,511,331 and $812,257, respectively. For further information, please see “2017 Replacement Awards” section under “Compensation Discussion and Analysis” above and the “2017 Grants of Plan-Based Awards” table below. In connection with the reorganization of the Company, all unvested restricted stock awards granted prior to Key’s bankruptcy filing were accelerated and exchanged for vested stock and warrants in the post-emergence entity as part of the emergence process on the Effective Date.
(3)
The amounts shown in this column consist of annual bonus payments made to the NEOs under each of the 2015 cash bonus incentive plan, the 2016 cash bonus incentive plan and the 2017 AIP.

(4)
A breakdown of the amounts shown in this column for 2017 for each of the NEOs is set forth in the table below.

 
 
 
 
 
Medical Expenses(2)
 
 
 
 
 
Name
 
Insurance(1)
 
 
 
Other(3)
 
 
Total
Robert Drummond
324

 
 
5,818

 
774

 
 
6,916

J. Marshall Dodson
324

 
 
12,826

 
270

 
 
13,420

David Brunnert
274

 
 

 
350

 
 
624

Scott P. Miller
324

 
 

 
162

 
 
486

Katherine I. Hargis
324

 
 

 
270

 
 
594

_________________________

(1)
Includes premiums paid by the Company on behalf of the NEO for life insurance, accidental death and disability or other insurance policy for which the officer (or his or her family) is the beneficiary.
(2)
Represents out-of-pocket medical expenses reimbursed to the NEO.

(3)
Includes amounts for imputed income with respect to life insurance and other benefits, including the Excess Group Life Policies.


2017 Grants of Plan-Based Awards

The following table presents information on plan-based awards made to the NEOs in fiscal 2017:
 
 
 
Estimated Possible Payouts Under Non-Equity Incentive Plan Awards (1)
 
Estimated Future Payouts Under Equity Incentive Plan Awards
 
All Other Stock Awards: Number of Shares of Stock or Units (#)(4)
 
All Other Option Awards: Number of Securities Underlying Options (#)(3)
 
Exercise or Base Price of Option Awards ($/Sh)
Grant Date Fair Value of Stock and Option Awards ($)(2)
Name
Grant Date
 
Target ($)
Maximum Awards ($)
 
Threshold (#)
Target (#)
Maximum #
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Robert Drummond

 
937,500

1,132,500

 



 

 

 


12/31/2017

(3)


 
75,319

150,637

301,274

 
150,637

 

 

3,561,059

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
J. Marshall Dodson

 
300,000

363,750

 



 

 

 


12/31/2017

(3)


 
38,259

76,518

153,036

 
76,518

 

 

1,808,886

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
David Brunnert

 
280,000

339,500

 



 

 

 


12/31/2017

(3)


 
30,000

60,000

120,000

 
60,000

 

 

1,418,400

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Scott P. Miller

 
220,000

266,750

 



 

 

 


12/31/2017

(3)


 
17,772

35,544

71,088

 
35,544

 

 

840,260

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Katherine I. Hargis

 
240,000

291,000

 



 

 
 
 


9/12/2017

(4)


 

17,772


 
11,848

 
5,924

 
19.35

372,146

 
9/12/2017

(4)


 

5,924


 

 
5,924

 
47.94

39,217

 
12/31/2017

(3)


 
16,250

32,500

65,000

 
32,500

 

 

768,300

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