SEC Form 4 · accession 0001104659-18-039464
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
Jun 7, 2018
Accepted (ET)
Jun 11, 2018 · 9:36 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 | — | Jun 7, 2018 | A | 75,000 | A | — | — | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1The restricted stock units were awarded to Mr. Heck under the 2018 Long Term Incentive Plan (the "2018 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").
- F3These restricted stock units will vest in three substantially equal installments on each of the first three anniversaries of the June 7, 2018 grant date, provided that Mr. Heck remains continuously employed by the Company on the applicable vesting date. The vesting schedule could be changed following a change of control of the Company.