SEC Form 4 · accession 0001104659-18-021931
Energy XXI Gulf Coast, Inc. · EGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Gary C Hanna
Director
Period of report
Mar 29, 2018
Accepted (ET)
Apr 2, 2018 · 9:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001404973
Table I — non-derivative securities
No Table I lines on this filing.
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,F3 | — | Mar 29, 2018 | A | 52,083 | A | — | — | Common Stock | 52,083 | 52,083 | D |
Explanation of responses
- F1The restricted stock units were awarded to Mr. Hanna under the 2016 Long Term Incentive Plan (the "2016 LTIP") of Energy XXI Gulf Coast, Inc. (the "Company"). However, this grant will be forfeited if the Company's 2018 Long Term Incentive Plan, which is currently being finalized, is not approved by the Company's stockholders at the Company's 2018 annual meeting of stockholders. Each restricted stock unit represents a right to receive one share of common stock, par value $0.01 per share, of the Company ("Common Stock").
- F2Each restricted stock unit represents the contingent right to receive one share of Common Stock.
- F3These restricted stock units will vest in three substantially equal installments on each of the first three anniversaries of the March 29, 2018 grant date, but settlement of the award may be deferred at the election of Mr. Hanna.