SEC Form 4 · accession 0001209191-18-008522
HORNBECK OFFSHORE SERVICES INC /LA · HOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel A Giberga
Officer — Executive VP & General Counsel
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 6:00 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 | Apr 28, 2017 | G | 1,200 | $0.00 | D | 214,704 | D | |
| COMMON STOCKF2 | Feb 6, 2018 | D | 71 | $0.00 | D | 214,633 | D |
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 6, 2018 | A | 169,251 | A | Feb 6, 2019 | Feb 6, 2021 | COMMON STOCK | 169,251 | 169,251 | D |
| PHANTOM STOCKF4 | — | Feb 6, 2018 | A | 169,251 | A | Feb 6, 2021 | Feb 6, 2021 | COMMON STOCK | 169,251 | 169,251 | D |
Explanation of responses
- F1Includes 500 shares acquired under the Company's employee stock purchase plan on June 30, 2017 and 500 shares acquired under the Company's employee stock purchase plan on December 31, 2017.
- F2These shares represent the forfeiture of a portion of a performance - vest restricted stock unit award granted February 5, 2013.
- 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, cash or notes payable 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, cash or notes payable at the election of the Company.