HANNA GARY C 4
4 · Energy XXI Gulf Coast, Inc. · Filed Oct 18, 2018
Insider Transaction Report
Form 4
HANNA GARY C
Director
Transactions
- Exercise/Conversion
Common Stock
2018-10-18+22,551→ 152,759 total - Exercise/Conversion
Restricted Stock Units
2018-10-18−78,125→ 0 total→ Common Stock (78,125 underlying) - Exercise/Conversion
Common Stock
2018-10-18+52,083→ 52,083 total - Exercise/Conversion
Restricted Stock Units
2018-10-18−22,551→ 0 total→ Common Stock (22,551 underlying) - Exercise/Conversion
Restricted Stock Units
2018-10-18−52,083→ 0 total→ Common Stock (52,083 underlying) - Exercise/Conversion
Common Stock
2018-10-18+78,125→ 130,208 total - Disposition to Issuer
Common Stock
2018-10-18$9.10/sh−152,759$1,390,107→ 0 total
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.