SEC Form 4 · accession 0001209191-19-008596
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 6, 2019
Accepted (ET)
Feb 8, 2019 · 4:52 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,F2 | Feb 6, 2019 | M | 69,436 | — | A | 409,022 | D | |
| COMMON STOCKF1 | Feb 6, 2019 | D | 69,436 | $1.39 | D | 339,586 | 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 STOCKF1 | — | Feb 6, 2019 | M | 69,436 | D | — | — | COMMON STOCK | 69,436 | 138,873 | D |
Explanation of responses
- F1Represents the one-third vesting and cash settlement of a time-vest phantom restricted stock unit award with a Grant Date of February 6, 2018. Each phantom unit is the economic equivalent of one share of the Company's Common Stock. The phantom shares are payable in cash or stock at the election of the Company. Cash awards are based on a 10 day trailing average of the market price of the Company's stock on the vesting date. No shares were actually issued, converted, or sold in connection with this transaction.
- F2Includes 500 shares acquired under the Company's employee stock purchase plan on June 30, 2018 and 500 shares acquired under the Company's employee stock purchase plan on December 31, 2018.