SEC Form 4 · accession 0001140361-15-034436
Energy XXI Ltd · EXXIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio de Pinho
Officer — Chief Operating Officer
Period of report
Sep 4, 2015
Accepted (ET)
Sep 4, 2015 · 9:57 am 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 | — | — | — | 18,483 | D | ||
| Common Stock | holding | — | — | — | 8,100 | I | By IRA | |
| Common Stock | holding | — | — | — | 6,725 | I | By 401 (K) Plan |
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 | — | Sep 4, 2015 | J | 3,333 | D | — | — | Common Stock | 3,333 | 0 | D |
Explanation of responses
- F1Represents vesting of the last one-third of Mr. de Pinho's restricted stock units granted on September 4, 2012.
- F2The restricted stock units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan on September 4, 2012. 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. The Issuer offered Mr. de Pinho the cash equivalent of the 3,333 restricted stock units vesting on September 4, 2015, which Mr. de Pinho accepted.