4//SEC Filing
Fox Rick D 4
Accession 0001140361-12-035999
CIK 0001343719other
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 3:13 PM ET
Size
6.4 KB
Accession
0001140361-12-035999
Insider Transaction Report
Form 4
Fox Rick D
Controller
Transactions
- Award
Performance Units
2012-08-09+75,250→ 75,250 total→ Common Stock (75,250 underlying)
Footnotes (2)
- [F1]The performance units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan.
- [F2]Time-Based Performance Units (25%) vest in equal annual installments on July 21, 2013, 2014 and 2015. The amount due the employee is equal to the grant date unit value of $5.00 plus the change in stock price over the performance period, multiplied by the number of units that vest. The initial stock price used in determining the change in stock price is $33.20 per share. Performance-Based Performance Units (75%) vest in equal annual installments on July 21, 2013, 2014 and 2015. The amount due the employee is equal to the grant date unit value of $5.00 plus the change in stock price over the performance period, multiplied by the number of units that vest. The number of units that vest is determined by the Company's Total Shareholder Return (TSR) performance measured against a TSR Unit Number Modifier, which may range from 0% to 200%. The initial stock price used in determining the change in stock price is $33.20 per share.
Documents
Issuer
ENERGY XXI (BERMUDA) LTD
CIK 0001343719
Entity typeother
Related Parties
1- filerCIK 0001392232
Filing Metadata
- Form type
- 4
- Filed
- Aug 8, 8:00 PM ET
- Accepted
- Aug 9, 3:13 PM ET
- Size
- 6.4 KB