SEC Form 4 · accession 0001104659-18-034883
Energy XXI Gulf Coast, Inc. · EGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gabriel L Ellisor
Director
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 5:57 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 | — | May 17, 2018 | A | 16,752 | A | — | — | Common Stock | 16,752 | 16,752 | D |
Explanation of responses
- F1The restricted stock units were awarded to Mr. Ellisor under the 2018 Long Term Incentive Plan 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").
- F38,376 of the restricted stock units are vested, but settlement of this portion of this award is deferred until the earlier of (a) a change of control of the Company and (b) one business day following a "separation from service" within the meaning of the Nonqualified Deferred Compensation Rules. 8,376 of the restricted stock units will vest on the date of the Company's 2019 annual meeting of stockholders, but the settlement of this portion of this award may be deferred at the election of Mr. Ellisor.