SEC Form 4 · accession 0001104659-18-006122
Energy XXI Gulf Coast, Inc. · EGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James W Swent III
Director
Period of report
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 1:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001404973
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 31, 2018 | M | 3,333 | — | A | 3,333 | D | |
| Common StockF2 | Jan 31, 2018 | M | 3,250 | — | A | 6,583 | D |
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,F3 | — | Jan 31, 2018 | M | 3,333 | D | — | — | Common Stock | 3,333 | 6,667 | D |
| Restricted Stock UnitsF2,F3 | — | Jan 31, 2018 | M | 3,250 | D | — | — | Common Stock | 3,250 | 3,250 | D |
Explanation of responses
- F1Represents the settlement for shares on the vesting of the first one-third tranche of the initial grant of 10,000 restricted stock units granted to Mr. Swent on January 6, 2017. No additional consideration was paid by Mr. Swent in connection with such settlement.
- F2Represents the settlement for shares on the vesting of the second 50% tranche of the annual grant of 6,500 restricted stock units granted to Mr. Swent on January 6, 2017. No additional consideration was paid by Mr. Swent in connection with such settlement.
- F3Settlement of the vested portion of restricted stock units that were awarded to Mr. Swent under the 2016 Long Term Incentive Plan of Energy XXI Gulf Coast, Inc. Each restricted stock unit represents a right to receive one share of common stock, par value $0.01 per share, of Energy XXI Gulf Coast, Inc.