Brooks Douglas E 4
4 · Energy XXI Gulf Coast, Inc. · Filed Oct 18, 2018
Insider Transaction Report
Form 4
Brooks Douglas E
DirectorPresident, CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-10-18−41,358→ 0 total→ Common Stock (41,358 underlying) - Exercise/Conversion
Restricted Stock Units
2018-10-18−24,691→ 0 total→ Common Stock (24,691 underlying) - Disposition to Issuer
Common Stock
2018-10-18$9.10/sh−509,395$4,635,495→ 0 total - Award
Restricted Stock Units
2018-10-18+187,500→ 375,000 total→ Common Stock (187,500 underlying) - Exercise/Conversion
Common Stock
2018-10-18+41,358→ 109,704 total - Exercise/Conversion
Common Stock
2018-10-18+24,691→ 134,395 total - Exercise/Conversion
Common Stock
2018-10-18+375,000→ 509,395 total - Exercise/Conversion
Restricted Stock Units
2018-10-18−375,000→ 0 total→ Common Stock (375,000 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.