SEC Form 4 · accession 0001140361-15-028877
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 24, 2015
Accepted (ET)
Jul 28, 2015 · 5:08 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jul 24, 2015 | A | 100,000 | A | — | — | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The restricted stock units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan on July 24, 2015 to Mr. Menown. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock or, at the option of the Issuer, the cash equivalent.
- F2The restricted stock units vest over three years. The restricted stock units will vest 50% on July 21, 2017 and 50% on July 21, 2018.