SEC Form 4/A · accession 0001140361-15-043353
Energy XXI Ltd · EXXIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Antonio de Pinho
Officer — Chief Operating Officer
Period of report
Dec 1, 2015
Accepted (ET)
Dec 2, 2015 · 2:00 pm EST
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 UnitsF4,F1,F2 | — | Dec 1, 2015 | A | 174,909 | A | — | — | Common Stock | 174,909 | 174,909 | D |
| Performance UnitsF4,F1,F3 | — | Dec 1, 2015 | A | 173,160 | A | — | — | Common Stock | 173,160 | 173,160 | D |
Explanation of responses
- F1The restricted stock units and performance unit Shares were awarded December 1, 2015 under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan to Mr. de Pinho. Each 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 will vest one-third on July 21, 2016, one-third on July 21, 2017, and one-third on July 21, 2018.
- F3Performance units vest on June 30, 2018. The number of units that vest is determined by the Company's Total Shareholder Return (TSR) which may range from 0% to 300%.
- F4Mr. de Pinho is amending this Form 4 filed December 1, 2015 because these units were incorrectly reported as a Disposition (D) instead of as an Acquisition (A) in column 5 of Table II due to clerical error.