SEC Form 4 · accession 0001127602-15-010033
HERCULES OFFSHORE, INC. · HERO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Troy L Carson
Officer — SVP & Chief Financial Officer
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001330849
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per ShareF1 | Mar 2, 2015 | F | 2,929 | $0.55 | D | 166,085 | D | |
| Common Stock, Par Value $0.01 Per ShareF1 | Mar 2, 2015 | F | 2,819 | $0.55 | D | 163,266 | D | |
| Common Stock, Par Value $0.01 Per ShareF1 | Mar 2, 2015 | F | 2,709 | $0.55 | D | 160,557 | D | |
| Common Stock, Par Value $0.01 Per ShareF2 | Mar 2, 2015 | A | 378,947 | $0.55 | A | 539,504 | D | |
| Common Stock, Par Value $0.01 Per ShareF3 | Mar 3, 2015 | S | 2,616 | $0.611 | D | 536,888 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person disposed of these shares directly to the issuer upon the vesting of previously awarded restricted stock. The purpose of the disposition was to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the Internal Revenue Service in cash.
- F2These shares of restricted stock vest in three equal installments on each of the first three anniversaries of the date of grant, beginning March 2, 2016.
- F3Shares automatically sold upon vesting of previously awarded restricted stock to satisfy tax withholding obligations pursuant to 10b5-1 Agreement.