SEC Form 4 · accession 0001209191-17-001167
HORNBECK OFFSHORE SERVICES, INC. · HOS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Andrew Sparks
Officer — EVP - Operations
Period of report
Jan 2, 2017
Accepted (ET)
Jan 4, 2017 · 5:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000866829
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 2, 2017 | F | 627 | $8.82 | D | 109,960 | D | |
| Common StockF2 | Jan 3, 2017 | A | 60,941 | $0.00 | A | 170,901 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF4,F3,F5 | — | Jan 3, 2017 | A | 121,882 | A | — | — | Common Stock | 121,882 | 121,882 | D |
Explanation of responses
- F1These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's restricted stock award.
- F2This restricted stock award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective January 1, 2017) and therefore has no purchase or sales price.
- F3Each Performance Share Unit ("PSU") represents the contingent right to receive one share of Company common stock. The actual number of shares upon vesting may range from 0% to 200% dependent on the Company's total shareholder return relative to the total shareholder return of its peer group over a three-year period beginning January 1, 2017 and ending December 31, 2019.
- F4Amount reported is 200% of the number of PSUs granted and the maximum number that may be earned.
- F5Upon payment of the PSUs, which shall occur no later than March 15, 2020.