SEC Form 4 · accession 0001144204-17-016415
Energy XXI Gulf Coast, Inc. · EGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh A Menown
Officer — Executive VP, Interim CFO, CAO
Period of report
Mar 22, 2017
Accepted (ET)
Mar 24, 2017 · 10:59 am 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $29.24 | Mar 22, 2017 | A | 37,200 | A | — | Mar 22, 2027 | Common Stock | 37,200 | 37,200 | D |
| Restricted Stock UnitsF1,F3,F4 | — | Mar 22, 2017 | A | 14,535 | A | — | — | Common Stock | 14,535 | 14,535 | 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. Menown.
- 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 $29.24 pershare. The options vest and become exercisable in three substantially equal installments on each of March 22, 2018, March 22, 2019, and March 22, 2020, in each case provided that Mr. Menown 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 of $0.01 per share, of Energy XXI Gulf Coast, Inc.
- F4The restricted stock units will vest in three substantially equal installments (and be settled within 60 days following) on each of March 22, 2018, March 22, 2019, and March 22, 2020, in each case provided that Mr. Menown remains continuously employed by Energy XXI Gulf Coast, Inc. on the applicable vesting date.