SEC Form 4 · accession 0001209191-15-053301
W&T OFFSHORE INC · WTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Gibbons
Officer — SVP & Chief Financial Officer
Period of report
Jun 11, 2015
Accepted (ET)
Jun 15, 2015 · 4:26 pm EDT
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 | Jun 11, 2015 | M | 5,000 | $0.00 | A | 179,910 | D | |
| COMMON STOCK | Jun 11, 2015 | F | 1,323 | $5.40 | D | 178,587 | 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 | — | Jun 11, 2015 | M | 5,000 | D | — | — | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1On June 11, 2015, reporting person's 5,000 restricted stock units, which were granted on June 11, 2013, vested, and the reporting person received 5,000 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.