SEC Form 4 · accession 0001209191-18-056405
GULF ISLAND FABRICATION INC · GIFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael A Flick
Director
Period of report
Oct 25, 2018
Accepted (ET)
Oct 29, 2018 · 4:11 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 25, 2018 | M | 7,426 | — | A | 19,553 | D | |
| Common Stock | Oct 25, 2018 | D | 2,970 | $10.10 | D | 16,583 | 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 25, 2018 | M | 7,426 | D | Oct 25, 2018 | Oct 25, 2018 | Common Stock | 7,426 | 7,426 | 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 40% of his restricted stock units for cash and 60% for shares of the Issuer's common stock.