SEC Form 4 · accession 0001140361-16-058590
TIDEWATER INC · TDW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Douglas Lundstrom
Officer — EVP & General Counsel
Period of report
Mar 17, 2016
Accepted (ET)
Mar 21, 2016 · 5:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000098222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 17, 2016 | M | 9,503 | — | A | 59,124 | D | |
| Common Stock | Mar 17, 2016 | D | 9,503 | $7.19 | D | 49,621 | D | |
| Common StockF2 | holding | — | — | — | 1,761 | I | by 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F3 | — | Mar 17, 2016 | M | 9,503 | D | — | Apr 16, 2018 | Common Stock | 9,503 | 19,006 | D |
Explanation of responses
- F1Each phantom stock unit represents the right to receive the fair market value of one share of the Issuer's common stock in cash.
- F2Represents shares acquired on a periodic basis and held for the benefit of the Reporting Person by the Trustee of the Tidewater Inc. 401(k) Savings Plan as of February 29, 2016.
- F3This award vests in three equal annual installments beginning on March 17, 2016.