SEC Form 4 · accession 0001209191-18-059807
GULF ISLAND FABRICATION INC · GIFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Peter Laborde
Director
Period of report
Nov 19, 2018
Accepted (ET)
Nov 21, 2018 · 5:50 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 19, 2018 | S | 800 | $8.0225 | D | 758,091 | I | Through Starboard Enterprises, L.L.C. |
| Common StockF2,F3 | Nov 20, 2018 | S | 3,920 | $8.0016 | D | 754,171 | I | Through Starboard Enterprises, L.L.C. |
| Common Stock | holding | — | — | — | 33,708 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $8.02 - $8.03. Mr. Laborde hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F2The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $8.00 - $8.005. Mr. Laborde hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F3Represents shares of the issuer's common stock held by Starboard Enterprises, L.L.C. ("Starboard"), a family limited liability company. Although Mr. Laborde is one of five managers of Starboard, he recuses himself from decisions regarding the issuer's securities. The reported sales were executed by Starboard for tax planning purposes. Mr. Laborde disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.