SEC Form 4 · accession 0001140361-15-026468
Energy XXI Ltd · EXXIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Schiller Jr.
Officer — Chairman, President, and CEO · Director
Period of report
Jun 30, 2015
Accepted (ET)
Jul 2, 2015 · 1:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001343719
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 30, 2015 | J | 9,487 | $2.24 | A | 1,102,205 | D | |
| Common StockF2 | holding | — | — | — | 51,814 | I | By 401 (K) Plan | |
| Common Stock | holding | — | — | — | 96,000 | I | By Energy XXI Deferred Compensation Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were purchased under the Employee Stock Purchase Plan ("the "Plan") in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). The Plan allows employees to purchase common stock at a 15 percent discount from the lower of the common stock closing price on the first or last day of the period. This period was from January 1, 2015 through June 30, 2015.
- F2Between December 20, 2014 and June 30, 2015, the reporting person acquired 8,897.513 shares of Energy XXI common stock under the Energy XXI 401 (k) Plan.