SEC Info - Crisp John E. - ‘3’ for 8/16/11 re: Forbes Energy Services Ltd.

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Crisp John E.

(Last)

(First)

(Middle)

3000 SOUTH BUSINESS HIGHWAY 281

(Street)

ALICE

77382

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
8/16/11

3. Issuer Name and Ticker or Trading Symbol
Forbes Energy Services Ltd. [ FES ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
President & CEO

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,119,337 ⁽¹⁾ ⁽³⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Plan Option (Right to Buy)	⁽²⁾	5/29/18	Common Stock	81,000 ⁽¹⁾	9.32 ⁽¹⁾	D

Explanation of Responses:

(1) This amount has been adjusted to take into account the four-to-one consolidation of its common stock, effective August 12, 2011.

(2) These options were granted pursuant to the issuer's 2011 Option Exchange Program whereby certain holders were permitted to exchange options granted on May 29, 2008 for new options issued on August 11, 2011 at a ratio of .72 to 1. The options vest pro rata every three months over a one-year period from the date of grant.

(3) This amount has been adjusted to take into account the 1,306,837 shares of common stock that were transferred to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.

	/S/ L. Melvin Cooper	8/16/11
	** 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 5 (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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Crisp John E. – ‘3’ for 8/16/11 re: Forbes Energy Services Ltd.

On: Tuesday, 8/16/11, at 12:50pm ET · For: 8/16/11 · As: Director, Officer and 10% Owner · Accession #: 1181431-11-45668 · File #: 1-35281

Previous ‘3’: None · Next & Latest: ‘3/A’ on 8/18/11 for 8/16/11

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents

‘3’ — Initial Statement of Beneficial Ownership of Securities by an Insider — rrd319439.xml/2.4