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FLYNT JIM filed this Form 4 on 07/22/2003
Entire Document
 
SEC FORM 4 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*
FLYNT JIM

(Last) (First) (Middle)

(Street)

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KEY ENERGY SERVICES INC [ KEG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP - Production Services
3. Date of Earliest Transaction (Month/Day/Year)
07/18/2003
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
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
Explanation of Responses:
1. Stock options granted under the Key Energy Group, Inc. 1887 Incentive Plan.
2. These options vest and are exercisable as follows (i) 16,666 on 05-07-2004; (ii) 16,667 on 05-07-2005; and (iii) 16,667 on 05-07-2006.
By Jack D. Loftis, Jr., Attorney in Fact for Jim Flynt (Exhibit 24: Power of Attorney attached hereto) 07/22/2003
** 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.
                        EXHIBIT 24

                    POWER OF ATTORNEY

       Know all by these presents, that the undersigned 
hereby constitutes and appoints each of Jack D. Loftis, Jr. 
and Kimberly R. Frye, 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
Key Energy Services, Inc. (the 'Company'), Forms 3, 4, and
5 (collectively, 'Section 16 Reports') 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 Section 16 Reports, complete and
execute any 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 
Section 16 Reports 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 22nd day of 
July, 2003.

/s/ Jim Flynt
Signature

Jim Flynt

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Flynt Section 16 Power of Attorney.DOC
Flynt Section 16 Power of Attorney.DOC