SEC Form 4 · accession 0001144204-17-001719
Energy XXI Gulf Coast, Inc. · EGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Reddin
Director
Period of report
Jan 6, 2017
Accepted (ET)
Jan 10, 2017 · 9:33 pm EST
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 | — | Jan 6, 2017 | A | 8,750 | A | — | — | Common Stock | 8,750 | 23,750 | D |
| Restricted Stock UnitsF1,F2,F4 | — | Jan 6, 2017 | A | 15,000 | A | — | — | Common Stock | 15,000 | 23,750 | D |
Explanation of responses
- F1The restricted stock units were awarded under the Energy XXI Gulf Coast, Inc. 2016 Long Term Incentive Plan to Mr. Reddin.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share, of Energy XXI Gulf Coast, Inc.
- F34,375 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 Energy XXI Gulf Coast, Inc. or (b) the date that Mr. Reddin ceases to be a member of the Board of Directors. 4,375 of the restricted stock units will vest on January 31, 2018, but the settlement of this portion of this award may be deferred at the election of Mr. Reddin.
- F4The restricted stock units will vest in three equal installments on January 31, 2018, December 31, 2018, and December 31, 2019, but settlement of the award may be deferred at the election of Mr. Reddin.