Weyel Steve A 4
4 · ENERGY XXI (BERMUDA) LTD · Filed Jul 2, 2009
Insider Transaction Report
Form 4
Weyel Steve A
DirectorPresident and COO
Transactions
- Other
Restricted Stock Units
2009-06-30−16,667→ 160,783 total→ Common Stock (16,666 underlying)
Footnotes (3)
- [F1]Represents vesting of the second one-third of Mr. Weyel's restricted stock units granted on June 30, 2007.
- [F2]The restricted stock units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock or, at the option of the Issuer, the cash equivalent.
- [F3]Includes 16,666 restricted stock units that vest on June 30, 2010 and 144,117 restricted stock units vest in three equal annual installments beginning on July 23, 2009.