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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Brunnert David J. 		2. Issuer Name and Ticker or Trading Symbol

KEY ENERGY SERVICES INC [ KEG ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP & COO
(Last)          (First)          (Middle)

1301 MCKINNEY STREET, SUITE 1800 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2017
(Street)

HOUSTON, TX 77010
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

1/3/2018 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   (1) 12/31/2017   1/3/2018   A    60000.00   A $0.00   89433.00   D    
Common Stock   (2) 12/31/2017   1/3/2018   A    7899.00   A $0.00   97332.00   D    
Common Stock   12/31/2017   1/3/2018   F    2161.00   D $11.82   95171.00   (3) D    
Common Stock   12/31/2017   1/3/2018   D    23695.00   D $0.00   (4) 71476.00   (5) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Stock Options (Right to buy)   $47.99   12/31/2017   1/3/2018   A      3950.00       12/20/2016   12/20/2026   Common Stock   3950.00   $0.00   19747.00   (6) D    
Stock Options (Right to buy)   $19.35   12/31/2017   1/3/2018   A      3950.00       12/15/2016   12/15/2026   Common Stock   3950.00   $0.00   19747.00   (6) D    
Stock Options (Right to buy)   $19.35   12/31/2017   1/3/2018   D         11847.00    12/15/2016   12/15/2026   Common Stock   11847.00     (7) 7900.00   D    
Stock Options (Right to buy)   $47.99   12/31/2018   1/3/2018   D         11847.00    12/20/2016   12/20/2026   Common Stock   11847.00     (7) 7900.00   D    

Explanation of Responses:
(1)  Each share of Common Stock represents an award of restricted stock units that shall be settled upon vesting in one share of the Company's Common Stock upon the vesting of the underlying award.
(2)  Each share of Common Stock represents the settlement of a performance share unit award that became vested on 12/31/2017.
(3)  The original filing misstated the number of unvested restricted stock units. The correct number of shares of Common Stock beneficially owned includes 83,695 unvested restricted stock units granted under the 2016 Plan.
(4)  The units were cancelled by mutual agreement of the reporting person and the Company. The reporting person received a grant of restricted stock units and performance share units as consideration for the cancellation.
(5)  The original filing misstated the number of unvested restricted stock units. The correct number of shares of Common Stock beneficially owned includes 60,000 unvested shares of restricted stock units granted under the 2016 Plan.
(6)  The reporting person was granted an option to purchase 15,797 shares of Common Stock. This tranche of the option was scheduled to vest based on the Company's satisfaction of certain performance criteria for the fiscal year 2017. The performance criteria for 2017 were met, resulting in vesting of this tranche of the option.
(7)  The option was cancelled by mutual agreement of the reporting person and the Company. The reporting person received a grant of restricted stock units and performance share units as consideration for the cancellation.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Brunnert David J.
1301 MCKINNEY STREET
SUITE 1800
HOUSTON, TX 77010

SVP & COO

Signatures
By: Katherine I. Hargis, Attorney-in-Fact for David J. Brunnert 1/8/2018
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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