SEC Form 4 · accession 0001209191-16-151738
GULF ISLAND FABRICATION INC · GIFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Flick
Director
Period of report
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 4:47 pm EST
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 | Nov 18, 2016 | M | 6,173 | — | A | 11,303 | D | |
| Common Stock | Nov 18, 2016 | D | 3,086 | $10.50 | D | 8,217 | 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 | — | Nov 18, 2016 | M | 6,173 | D | Nov 18, 2016 | Nov 18, 2016 | Common Stock | 6,173 | 0 | D |
Explanation of responses
- F1Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock. In accordance with the terms of the award, the reporting person elected to settle 50% of his restricted stock units for cash and 50% for shares of the Issuer's common stock.