SEC Form 4/A · accession 0000899243-16-025136
W&T OFFSHORE INC · WTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Stephen L Schroeder
Officer — SVP & Chief Technical Officer
Period of report
Jul 12, 2016
Accepted (ET)
Jul 14, 2016 · 4:24 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 UNITSF3,F1,F2 | — | Jul 12, 2016 | A | 222,431 | A | — | — | Common Stock | 222,431 | 222,431 | 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.
- F3This amended Form 4 is being submitted because the original Form 4 filed on July 12, 2016 contained an incorrect amount of derivative securities granted to this reporting person.