SEC Form 4 · accession 0001209191-17-011594
HORNBECK OFFSHORE SERVICES INC /LA · HOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James O Harp Jr.
Officer — Executive Vice President & CFO
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 5:23 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 14, 2017 | A | 50,431 | $0.00 | A | 385,358 | D | |
| COMMON STOCK | holding | — | — | — | 12,784 | 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 STOCKF2 | — | Feb 14, 2017 | A | 50,431 | A | Feb 14, 2018 | Feb 14, 2020 | COMMON STOCK | 50,431 | 50,431 | D |
| PHANTOM STOCKF3 | — | Feb 14, 2017 | A | 100,862 | A | Feb 14, 2020 | Feb 14, 2020 | COMMON STOCK | 100,862 | 100,862 | D |
Explanation of responses
- F1These time-vest restricted stock unit awards will vest in three equal annual installments on the 1st, 2nd and 3rd anniversaries of the Grant Date.
- F2These 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.
- F3These 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.