SEC Form 4 · accession 0000899243-15-010045
W&T OFFSHORE INC · WTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Gibbons
Officer — See Remarks
Period of report
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 4:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001288403
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Dec 15, 2015 | M | 63,424 | $0.00 | A | 242,011 | D | |
| COMMON STOCK | Dec 15, 2015 | F | 17,346 | $2.82 | D | 224,665 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITSF2,F1 | — | Dec 15, 2015 | M | 63,424 | D | — | — | Common Stock | 63,424 | 0 | D |
Explanation of responses
- F1On December 15, 2015, reporting person's 63,424 restricted stock units, which were granted on June 10, 2013, vested, and the reporting person received 63,424 shares of WTI common stock.
- F2Each restricted stock unit represents a contingent right to receive one share of WTI stock or its cash equivalent, as determined at the time of settlement by WTI.
Remarks
SVP and Chief Financial Officer