SEC Form 4 · accession 0001209191-19-011600

HORNBECK OFFSHORE SERVICES INC /LA · HOS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Todd M Hornbeck

Officer — President & CEO · Director

Period of report

Feb 15, 2019

Accepted (ET)

Feb 20, 2019 · 4:53 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 STOCK^F1	Feb 15, 2019	M	47,339	—	A	951,526	D
COMMON STOCK^F1	Feb 15, 2019	D	47,339	$1.47	D	904,187	D
COMMON STOCK^F2	Feb 15, 2019	M	213,972	—	A	1,118,159	D
COMMON STOCK^F2	Feb 15, 2019	D	213,972	$1.47	D	904,187	D
COMMON STOCK^F3	Feb 15, 2019	F	14,155	$1.59	D	890,032	D
COMMON STOCK^F4	holding	—	—		—	701	I	By Limited Liability Company
COMMON STOCK	holding	—	—		—	1,650	I	By Wife
COMMON STOCK^F5	holding	—	—		—	86,724	I	By Family Trusts
COMMON STOCK	holding	—	—		—	70	I	By UTMA custodian for child
COMMON STOCK	holding	—	—		—	220	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 STOCK^F1	—	Feb 15, 2019	M	47,339	D	—	—	COMMON STOCK	47,339	0	D
PHANTOM STOCK^F2	—	Feb 15, 2019	M	213,972	D	—	—	COMMON STOCK	213,972	70,062	D
PHANTOM STOCK^F6	—	Feb 15, 2019	D	70,062	D	—	—	COMMON STOCK	70,062	0	D

Explanation of responses

F1Represents the one-third vesting and cash settlement of a time-vest phantom stock unit award with a Grant Date of February 16, 2016. 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.
F2Represents the vesting and cash settlement of a performance-vest phantom stock unit award with a Grant Date of February 16, 2016. 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.
F3Disposition 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.
F4Represents shares beneficially owned by Reporting Person through a closely held Limited Liability Company.
F5Represents shares beneficially owned by Reporting Person through various family trusts.
F6These shares represent the forfeiture of a portion of a performance-vest phantom stock unit award granted February 16, 2016.