Sec Form 4 Filing - Lehner Keefer McGovern @ KLX Energy Services Holdings, Inc. - 2020-07-28

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Lehner Keefer McGovern
2. Issuer Name and Ticker or Trading Symbol
KLX Energy Services Holdings, Inc. [ KLXE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
3040 POST OAK BOULEVARD, 15TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
07/28/2020
(Street)
HOUSTON, TX77056
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/09/2021 M 5,228 A 87,278( 3 ) D
Common stock 02/09/2021 D 5,228 D $ 12.47 82,050( 3 ) D
Common stock 02/09/2022 M 5,228 A 87,278( 3 ) D
Common stock 02/09/2022 D 5,228 D $ 5.12 82,050( 3 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
RSU (cash-settled) ( 1 ) 07/28/2020 A 14,172 ( 2 ) ( 2 ) Common stock 14,172 $ 0 14,172 D
RSU (cash-settled) ( 1 ) 02/09/2021 M 5,228 ( 2 ) ( 2 ) Common stock 5,228 $ 0 8,944 D
RSU (cash-settled) ( 1 ) 02/09/2022 M 5,228 ( 2 ) ( 2 ) Common stock 5,228 $ 0 3,716 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lehner Keefer McGovern
3040 POST OAK BOULEVARD, 15TH FLOOR
HOUSTON, TX77056
See Remarks
Signatures
/s/ Max L. Bouthillette, attorney-in-fact 04/18/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each RSU (cash-settled) represents the economic equivalent of one share of common stock, settleable solely in cash.
( 2 )The RSUs (cash-settled) vested or will vest on the following schedule: 5,228 units on 2/9/2021, 5,228 units on 2/9/22, and 3,716 units on 2/9/23.
( 3 )The Column 5 tally is based on the number of shares reported as beneficially owned in the reporting person's most recently filed Form 4.

Remarks:
Executive Vice President and Chief Financial OfficerThis Form 4 is being filed solely to report certain settled or outstanding legacy cash-settled RSUs that were converted in connection with the Company's 2020 acquisition of Quintana Energy Services, Inc.

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).

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