SEC Form 4 · accession 0001144204-17-006863
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
Feb 2, 2017
Accepted (ET)
Feb 8, 2017 · 9:56 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $30.50 | Feb 2, 2017 | A | 44,363 | A | — | Feb 2, 2027 | Common Stock | 44,363 | 44,363 | D |
| Restricted Stock UnitsF1,F3,F4 | — | Feb 2, 2017 | A | 14,754 | A | — | — | Common Stock | 14,754 | 14,754 | D |
Explanation of responses
- F1The restricted stock units and the options were awarded under the Energy XXI Gulf Coast, Inc. 2016 Long Term Incentive Plan to Mr. Heck.
- F2Each option represents a contingent right to purchase one share of common stock, par value $0.01 per share, of Energy XXI Gulf Coast, Inc. at an exercise price of $30.50 per share. The options vest and become exercisable in three substantially equal installments on each of February 2, 2018, February 2, 2019, and February 2, 2020, in each case provided that Mr. Heck remains continuously employed by Energy XXI Gulf Coast, Inc. on the applicable vesting date.
- F3Each restricted stock unit represents the contingent right to receive one share of common stock, par value $0.01 per share, of Energy XXI Gulf Coast, Inc.
- F4The restricted stock units will vest in three substantially equal installments on each of February 2, 2018, February 2, 2019, and February 2, 2020, in each case provided that Mr. Heck remains continuously employed by Energy XXI Gulf Coast, Inc. on the applicable vesting date.