SEC Form 4 · accession 0001209191-15-076995
GULF ISLAND FABRICATION INC · GIFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry D Dumas Sr.
Director
Period of report
Oct 23, 2015
Accepted (ET)
Oct 27, 2015 · 6:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001031623
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 23, 2015 | M | 2,000 | — | A | 6,056 | D | |
| Common Stock | Oct 23, 2015 | D | 1,000 | $11.76 | D | 5,056 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Oct 23, 2015 | M | 2,000 | D | Oct 23, 2015 | Oct 23, 2015 | Common Stock | 2,000 | 0 | D |
Explanation of responses
- F1Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock. The reporting person settled 50% of his restricted stock units for cash and 50% for shares of the Issuer's common stock.