SEC Form 4 · accession 0001104659-18-006487
Energy XXI Gulf Coast, Inc. · EGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott M Heck
Officer — Chief Operating Officer
Period of report
Feb 2, 2018
Accepted (ET)
Feb 5, 2018 · 3:22 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 | Feb 2, 2018 | M | 4,868 | — | A | 10,634 | D | |
| Common StockF1 | Feb 2, 2018 | F | 1,186 | — | D | 9,448 | 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 UnitsF3 | — | Feb 2, 2018 | M | 4,868 | D | — | — | Common Stock | 4,868 | 9,886 | D |
Explanation of responses
- F1Represents the settlement for shares on the vesting of the first 33% tranche of the 14,754 restricted stock units granted to Mr. Heck on February 2, 2017. No additional consideration was paid by Mr. Heck in connection with such settlement.
- F2Mr. Heck elected to satisfy a tax withholding obligation arising upon vesting of the restricted stock units by having Energy XXI Gulf Coast, Inc. withhold shares that would have otherwise been issued to Mr. Heck. The 1,186 shares withheld had a value equal to the tax withholding obligation.
- F3Settlement of the vested portion of restricted stock units that were awarded to Mr. Heck under the 2016 Long Term Incentive Plan of the Company. 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.