SEC Form 4 · accession 0001209191-19-011603
HORNBECK OFFSHORE SERVICES INC /LA · HOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy P McCarthy
Officer — SVP & Chief Human Resources Of
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 4:54 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 15, 2019 | M | 13,274 | — | A | 121,254 | D | |
| COMMON STOCKF1 | Feb 15, 2019 | D | 13,274 | $1.47 | D | 108,080 | D | |
| COMMON STOCKF2 | Feb 15, 2019 | M | 59,996 | — | A | 168,076 | D | |
| COMMON STOCKF2 | Feb 15, 2019 | D | 59,996 | $1.47 | D | 108,080 | D | |
| COMMON STOCKF3 | Feb 15, 2019 | F | 3,969 | $1.59 | D | 104,111 | D |
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 15, 2019 | M | 13,274 | D | — | — | COMMON STOCK | 13,274 | 0 | D |
| PHANTOM STOCKF2 | — | Feb 15, 2019 | M | 59,996 | D | — | — | COMMON STOCK | 59,996 | 19,645 | D |
| PHANTOM STOCKF4 | — | Feb 15, 2019 | D | 19,645 | D | — | — | COMMON STOCK | 19,645 | 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.
- F4These shares represent the forfeiture of a portion of a performance-vest phantom stock unit award granted February 16, 2016.