Sec Form 4 Filing - Lehner Keefer McGovern @ Quintana Energy Services Inc. - 2020-01-17

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
Quintana Energy Services Inc. [ QES]
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)
1415 LOUISIANA STREET, SUITE 2900
3. Date of Earliest Transaction (MM/DD/YY)
01/17/2020
(Street)
HOUSTON, TX77002
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 02/08/2020 M 11,875 A $ 0 68,603 D
Common stock 02/08/2020 M 7,125 A $ 0 75,728 D
Common stock 02/09/2020 M 39,007 A $ 0 114,735 D
Common stock 02/09/2020 M 23,404 A $ 0 138,139 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
Performance Share Unit $ 0 ( 1 ) 01/17/2020 A 70,213 ( 2 ) ( 2 ) Common stock 70,213 $ 0 70,213 D
Restricted Stock Unit ( 3 ) 02/08/2020 M 11,875 ( 4 ) ( 4 ) Common stock 11,875 $ 0 11,875 D
Performance Share Unit ( 1 ) 02/08/2020 M 7,125 ( 5 ) ( 5 ) Common stock 7,125 $ 0 7,125 D
Restricted Stock Unit ( 3 ) 02/09/2020 M 39,007 ( 6 ) ( 6 ) Common stock 39,007 $ 0 78,014 D
Performance Share Unit $ 0 ( 1 ) 02/09/2020 M 23,404 ( 2 ) ( 2 ) Common stock 23,404 $ 0 46,809 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lehner Keefer McGovern
1415 LOUISIANA STREET, SUITE 2900
HOUSTON, TX77002
See Remarks
Signatures
/s/ Max L. Bouthillette, attorney-in-fact 02/11/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each performance share unit represents the right to receive, upon vesting, one share of Company common stock.
( 2 )On January 17, 2020, the Compensation Committee determined that the reporting person earned 70,213 performance share units under the Company's 2018 Long Term Incentive Plan. The performance share units vest and are settled when they have performance vested in accordance with certain achieved performance goals that are based the Company's achievement with respect to relative total stockholder return. Should the reporting person satisfy the service requirement applicable to such earned performance share unit, vesting shall occur in three equal installments beginning on February 9, 2020. Any performance share units that have not been earned at the end of a performance period shall be forfeited.
( 3 )Each restricted stock unit represents the right to receive, upon vesting, one share of Company common stock.
( 4 )On April 18, 2018, the reporting person was awarded a number of restricted stock units under the Company's 2018 Long Term Incentive Plan. The restricted stock units shall vest as follows: (i) one-third of the restricted stock units shall vest on the first anniversary of February 8, 2018, (ii) one-third of the restricted stock units shall vest on the second anniversary of February 8, 2018 and (iii) one-third of the restricted stock units shall vest on the third anniversary of February 8, 2018, in each case, so long as the reporting person remains continuously employed by, or continuously provides services to, the Company or an affiliate of the Company, as applicable, from the grant date through each such applicable vesting date.
( 5 )On April 18, 2018, the reporting person was awarded a number of performance share units under the Company's 2018 Long Term Incentive Plan. The performance share units vest and are settled when they have performance vested in accordance with certain achieved performance goals that are based on (i) the Company's achievement with respect to relative total stockholder return and (ii) the Company's achievement with respect to absolute total stockholder return. Should the reporting person satisfy the service requirement applicable to such earned performance share unit, vesting shall occur in equal installments on the first three anniversaries of the performance period commencement date. Any performance share units that have not been earned at the end of a performance period shall be forfeited.
( 6 )On January 24, 2019, the reporting person was awarded a number of restricted stock units under the Companys 2018 Long Term Incentive Plan. The restricted stock units shall vest as follows: (i) one-third of the restricted stock units shall vest on the first anniversary of February 9, 2019, (ii) one-third of the restricted stock units shall vest on the second anniversary of February 9, 2019 and (iii) one-third of the restricted stock units shall vest on the third anniversary of February 9, 2019, in each case, so long as the reporting person remains continuously employed by, or continuously provides services to, the Company or an affiliate of the Company, as applicable, from the grant date through each such applicable vesting date.

Remarks:
Executive Vice President and Chief Financial Officer

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