Sec Form 3 Filing - McGuire Brandon B. @ BASIC ENERGY SERVICES, INC. - 2020-05-26

FORM 3 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 McGuire Brandon B. 2. Issuer Name and Ticker or Trading Symbol BASIC ENERGY SERVICES, INC. [ BASX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP, Central Region (Last) (First) (Middle) 801 CHERRY ST, SUITE 2100 3. Date of Earliest Transaction (MM/DD/YY) 05/26/2020 (Street) FORT WORTH, TX76102-0000 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 53,325 ( 1 ) 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 Time-Based Phantom Shares ( 2 ) ( 2 ) ( 2 ) Common Stock 11,092 D Stock Option (right to buy) $ 36.55 ( 3 ) ( 3 ) 12/23/2026 Common Stock 9,713 D Stock Option (right to buy) $ 41.93 ( 4 ) ( 4 ) 02/22/2027 Common Stock 9,713 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other McGuire Brandon B. 801 CHERRY ST SUITE 2100 FORT WORTH, TX76102-0000 SVP, Central Region Signatures /s/ David S. Schorlemer, Attorney-in-Fact 06/05/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 11,092 shares of restricted stock granted under the Basic Energy Services, Inc. 2019 Long Term Incentive Plan (the "LTIP"), vesting in one-third increments. The first one-third increment vested on May 15, 2020, with the remaining 11,092 shares of restricted stock vesting on May 15, 2021 and 2022. ( 2 )Cash-settled time-based phantom shares granted under the LTIP, vesting in one-third increments. The first one-third increment vested on May 15, 2020, with the remaining 11,092 cash-settled time-based phantom shares vesting on May 15, 2021 and 2022. Each cash-settled time-based phantom share is the economic equivalent of one share of Company common stock, subject to a maximum settlement amount of $9.00 per phantom share. ( 3 )The Stock Options vested in three equal annual installments on December 23, 2017, 2018, and 2019 and have an exercise price of $36.55. ( 4 )The Stock Options vested in three equal annual installments on February 8, 2018, 2019, and 2020 and have an exercise price of $41.93.

Remarks: Power of Attorney is attached hereto as Exhibit 24.

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).

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