SEC Form 4 · accession 0000899243-16-024980
W&T OFFSHORE INC · WTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tracy W Krohn
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Jul 12, 2016
Accepted (ET)
Jul 12, 2016 · 4:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001288403
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITSF1,F2 | — | Jul 12, 2016 | A | 1,052,631 | A | — | — | Common Stock | 1,052,631 | 1,052,631 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of WTI common stock or its cash equivalent, as determined at the time of settlement by WTI.
- F2The vesting of the restricted stock units is subject to service and performance conditions during calendar year 2016, and a service condition thereafter until December 14, 2018. If these conditions are met, then the restricted stock units will vest on December 14, 2018. The number of restricted stock units eligible for vesting is subject to adjustment to reflect the achievement of performance goals by the reporting person during the applicable performance period.