SEC Form 4 · accession 0001209191-19-018907
HORNBECK OFFSHORE SERVICES INC /LA · HOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl G Annessa
Officer — Executive Vice President & COO
Period of report
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 5:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001131227
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PHANTOM STOCKF1 | — | Mar 8, 2019 | A | 339,860 | A | — | Mar 8, 2022 | COMMON STOCK | 339,860 | 339,860 | D |
| STOCK APPRECIATION RIGHTSF2,F1 | $1.38 | Mar 8, 2019 | A | 226,573 | A | — | Mar 8, 2029 | COMMON STOCK | 226,573 | 226,573 | D |
Explanation of responses
- F1The phantom stock units vest in three equal annual installments on each of the 1st, 2nd and 3rd anniversaries of the grant date. Each phantom stock unit represents the right to receive, upon settlement, the economic equivalent of one share of the Company's common stock. Phantom stock units may be settled in shares of Company common stock, cash, or a combination thereof (at the election of the issuer).
- F2The stock appreciation rights vest and become exercisable in three equal annual installments on each of the 1st, 2nd and 3rd anniversaries of the grant date. The stock appreciation rights represent the right to receive, upon exercise, a number of shares of Company common stock, cash, or a combination thereof (at the election of the issuer) equal to the product of the aggregate number of shares of Company common stock with respect to which the stock appreciation right award is exercised and the excess of the fair market value of a share of Company common stock as of the date of exercise over the base price specified above.