SEC Form 4 · accession 0001209191-16-100089
HORNBECK OFFSHORE SERVICES INC /LA · HOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl G Annessa
Officer — Executive Vice President & COO
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 5:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001131227
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Feb 16, 2016 | F | 2,858 | $7.89 | D | 242,168 | D | |
| COMMON STOCKF2 | Feb 16, 2016 | A | 57,921 | $0.00 | A | 300,089 | D | |
| COMMON STOCK | holding | — | — | — | 5,000 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PHANTOM STOCKF3 | — | Feb 16, 2016 | A | 57,921 | A | Feb 16, 2017 | Feb 16, 2019 | COMMON STOCK | 57,921 | 57,921 | D |
| PHANTOM STOCKF4 | — | Feb 16, 2016 | A | 115,842 | A | Feb 16, 2019 | Feb 16, 2019 | COMMON STOCK | 115,842 | 115,842 | D |
Explanation of responses
- F1Disposition of these shares represents payment of tax liability by delivering or withholding securities incident to the vesting of a restricted stock unit award issued in accordance with Rule 16b-3.
- F2These time-vest restricted stock unit awards will vest in three equal annual installments on the 1st, 2nd and 3rd anniversaries of the Grant Date.
- F3These time-vest phantom restricted stock unit awards will vest in three equal annual installments on the 1st, 2nd and 3rd anniversaries of the Grant Date. Each is the economic equivalent of one share of the Company's Common Stock. These phantom shares are payable in either stock or cash at the election of the Company.
- F4These performance-vest phantom restricted stock awards can vest in whole or in part on the 3rd anniversary of the Grant Date based upon the Company achieving certain levels of specified performance objectives. The number of units listed above represent the maximum amount that may be earned, or 150% of the target grant. Each is the economic equivalent of one share of the Company's Common Stock. These phantom shares are payable in either stock or cash at the election of the Company.