HECK SCOTT M 4
4 · Energy XXI Gulf Coast, Inc. · Filed Oct 18, 2018
Insider Transaction Report
Form 4
HECK SCOTT M
Chief Operating Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-10-18−9,886→ 0 total→ Common Stock (9,886 underlying) - Disposition to Issuer
Common Stock
2018-10-18$9.10/sh−177,270$1,613,157→ 0 total - Exercise/Conversion
Common Stock
2018-10-18+9,886→ 19,334 total - Exercise/Conversion
Common Stock
2018-10-18+7,936→ 27,270 total - Award
Restricted Stock Units
2018-10-18+75,000→ 150,000 total→ Common Stock (75,000 underlying) - Exercise/Conversion
Restricted Stock Units
2018-10-18−7,936→ 0 total→ Common Stock (7,936 underlying) - Exercise/Conversion
Common Stock
2018-10-18+150,000→ 177,270 total - Exercise/Conversion
Restricted Stock Units
2018-10-18−150,000→ 0 total→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]In connection with the merger between the Issuer and an indirectly wholly owned subsidiary of MLCJR LLC (the "Merger"), each share of common stock, par value $0.01 per share, of the Issuer ("Common Stock") was converted into the right to receive $9.10 in cash (the "Merger Consideration").
- [F2]Each restricted stock unit represents the contingent right to receive one share of Common Stock.
- [F3]Immediately prior to the effective time of the Merger, the vesting of each outstanding restricted stock unit ("RSU") was accelerated (if not already vested), with any performance condition deemed achieved at the target, and each RSU was cancelled and converted into the right to receive the Merger Consideration, multiplied by the number of shares of Common Stock subject to that RSU.