SEC Form 4 · accession 0001437749-15-006142
GULFMARK OFFSHORE INC · GLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David E Darling
Officer — SVP - CHRO
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 7:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001030749
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 24, 2015 | A | 15,449 | $0.00 | A | 26,021 | D | |
| Common StockF2 | Mar 24, 2015 | F | 1,909 | $13.265 | D | 24,112 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF3 | $13.265 | Mar 24, 2015 | A | 14,442 | A | — | Mar 24, 2022 | Common Stock | 14,442 | 24,112 | D |
Explanation of responses
- F1Restricted stock vesting 1/3 on 12 months, 1/3 on 24 months and 1/3 on 36 months from effective date of grant, March 24, 2015.
- F2Transaction was a withholding of portion of vested restricted share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreement and associated equity incentive plan under which the award was granted.
- F3The stock options were granted on March 24, 2015, as part of the Issuer's annual equity grant to executive officers. The stock options are scheduled to vest annually at a rate of one-third on each anniversary of the grant date, commencing on the first anniversary of the grant date.