SEC Form 4/A · accession 0001104659-18-022202
Energy XXI Gulf Coast, Inc. · EGC
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
Gary C Hanna
Director
Period of report
Mar 29, 2018
Accepted (ET)
Apr 3, 2018 · 4:57 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 |
| Restricted Stock UnitsF1,F4,F2,F5 | — | Mar 29, 2018 | A | 78,125 | A | — | — | Common Stock | 78,125 | 78,125 | 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").
- F2Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share, of the Company ("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 (or earlier, upon consummation of a change of control), but settlement of this award may be deferred at the election of Mr. Hanna. 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.
- F4The original filing inadvertently failed to disclose this award.
- F5These restricted stock units will vest in three substantially equal installments on each of the first three anniversaries of the March 29, 2018 grant date (or earlier, upon consummation of a change of control), but settlement of this award may be deferred at the election of Mr. Hanna.