SEC Form 4 · accession 0001140361-15-028392
Energy XXI Ltd · EXXIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh A Menown
Officer — Executive VP, CAO
Period of report
Jul 21, 2015
Accepted (ET)
Jul 23, 2015 · 4:08 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 Stock | holding | — | — | — | 13,216 | D | ||
| Common Stock | holding | — | — | — | 21,882 | I | By 401 (K) Plan | |
| Common Stock | holding | — | — | — | 10,375 | I | By Energy XXI Deferred Compensation Plan | |
| Common Stock | holding | — | — | — | 1,840 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF4,F1 | — | Jul 21, 2015 | J | 73,666 | D | — | — | Common Stock | 73,666 | 0 | D |
| Performance UnitsF4,F2 | — | Jul 21, 2015 | J | 117,000 | D | — | — | Common Stock | 117,000 | 117,000 | D |
| Performance UnitsF4,F3 | — | Jul 21, 2015 | J | 31,000 | D | — | — | Common Stock | 31,000 | 62,000 | D |
Explanation of responses
- F1Represents vesting of the last one-third of Mr. Menown's performance units granted on July 21, 2012.
- F2Represents vesting of the second one-third of Mr. Menown's performance units granted on July 21, 2013.
- F3Represents vesting of the first one-third of Mr. Menown's performance units granted on July 21, 2014.
- F4The performance units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan.