Lehner Keefer McGovern Form 4 Quintana Energy Services / Keefer McGovern Lehner ownership change

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^*

Lehner Keefer McGovern

(Last) (First) (Middle)

1415 LOUISIANA STREET, SUITE 2900

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/17/2020

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
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 (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
Performance Share Unit	$0.0(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	$0.0(1)	02/09/2020		M			23,404	(2)	(2)	Common stock	23,404	$0	46,809	D

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

	/s/ Max L. Bouthillette, attorney-in-fact	02/11/2020
	** Signature of Reporting Person	Date
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