SEC Form 4 · accession 0000899243-16-036099
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
Dec 19, 2016
Accepted (ET)
Dec 21, 2016 · 6:09 am 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 19, 2016 | M | 259,918 | $0.00 | A | 43,737,938 | D | |
| COMMON STOCK | Dec 19, 2016 | F | 109,036 | $2.51 | D | 43,628,902 | 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 19, 2016 | M | 259,918 | D | — | — | Common Stock | 259,918 | 0 | D |
Explanation of responses
- F1On December 19, 2016, reporting person's 259,918 restricted stock units, which were granted on April 8, 2014, vested, and the reporting person received 259,918 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.