SEC Form 4 · accession 0001104659-18-062693

Energy XXI Gulf Coast, Inc. · EGC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President and CEO · Director

Period of report

Oct 18, 2018

Accepted (ET)

Oct 18, 2018 · 12:27 pm EDT

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
Common Stock^F3	Oct 18, 2018	M	41,358	—	A	109,704	D
Common Stock^F3	Oct 18, 2018	M	24,691	—	A	134,395	D
Common Stock^F3	Oct 18, 2018	M	375,000	—	A	509,395	D
Common Stock^F1,F3	Oct 18, 2018	D	509,395	$9.10	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F2	—	Oct 18, 2018	A	187,500	A	—	—	Common Stock	187,500	375,000	D
Restricted Stock Units^F3,F2	—	Oct 18, 2018	M	41,358	D	—	—	Common Stock	41,358	0	D
Restricted Stock Units^F3,F2	—	Oct 18, 2018	M	24,691	D	—	—	Common Stock	24,691	0	D
Restricted Stock Units^F3,F2	—	Oct 18, 2018	M	375,000	D	—	—	Common Stock	375,000	0	D

F1In connection with the merger between the Issuer and an indirectly wholly owned subsidiary of MLCJR LLC (the "Merger"), each share of common stock, par value $0.01 per share, of the Issuer ("Common Stock") was converted into the right to receive $9.10 in cash (the "Merger Consideration").
F2Each restricted stock unit represents the contingent right to receive one share of Common Stock.
F3Immediately prior to the effective time of the Merger, the vesting of each outstanding restricted stock unit ("RSU") was accelerated (if not already vested), with any performance condition deemed achieved at the target, and each RSU was cancelled and converted into the right to receive the Merger Consideration, multiplied by the number of shares of Common Stock subject to that RSU.