Weyel Steve A 4
4 · ENERGY XXI (BERMUDA) LTD · Filed Jul 23, 2009
Insider Transaction Report
Form 4
Weyel Steve A
DirectorPresident and COO
Transactions
- Other
Restricted Stock Units
2009-07-23−48,039→ 112,744 total→ Common Stock (96,078 underlying)
Footnotes (3)
- [F1]Represents vesting of the first one-third of Mr. Weyel's restricted stock units granted on July 23, 2008.
- [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 96,078 restricted stock units vest in two equal annual installments beginning on July 23, 2010.