SEC Form 4 · accession 0000899243-17-029157
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 18, 2017
Accepted (ET)
Dec 19, 2017 · 4:08 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 18, 2017 | M | 201,574 | $0.00 | A | 476,030 | D | |
| Common Stock | Dec 18, 2017 | F | 55,131 | $2.60 | D | 420,899 | D | |
| Common Stock | Dec 18, 2017 | S | 29,000 | $2.79 | D | 391,899 | 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 18, 2017 | M | 201,574 | D | — | — | Common Stock | 201,574 | 0 | D |
Explanation of responses
- F1On December 18, 2017, reporting person's 201,574 restricted stock units, which were granted on November 13, 2015, vested, and the reporting person received 201,574 shares of WTI common stock.
- F2Each 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.
Remarks
SVP and Chief Financial Officer