SEC Form 4 · accession 0000899243-17-029165
W&T OFFSHORE INC · WTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen L Schroeder
Officer — SVP & Chief Technical Officer
Period of report
Dec 18, 2017
Accepted (ET)
Dec 19, 2017 · 4:11 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 | 128,503 | $0.00 | A | 366,592 | D | |
| Common Stock | Dec 18, 2017 | F | 35,146 | $2.60 | D | 331,446 | D | |
| Common StockF2 | Dec 18, 2017 | S | 18,762 | $2.81 | D | 312,684 | 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 UnitsF3,F1 | — | Dec 18, 2017 | M | 128,503 | D | — | — | Common Stock | 128,503 | 0 | D |
Explanation of responses
- F1On December 18, 2017, reporting person's 128,503 restricted stock units, which were granted on June 13, 2015, vested, and the reporting person received 128,503 shares of WTI common stock.
- F2The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.81 to $2.82. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3Each 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.