4//SEC Filing
ENERGY XXI (BERMUDA) LTD 4
Accession 0001140361-13-033802
CIK 0001343719operating
Filed
Aug 20, 8:00 PM ET
Accepted
Aug 21, 4:42 PM ET
Size
7.9 KB
Accession
0001140361-13-033802
Insider Transaction Report
Form 4
Fox Rick D
Controller
Transactions
- Award
Performance Units
2013-08-21+84,000→ 84,000 total→ Common Stock (84,000 underlying)
Holdings
- 14,694
Common Stock
- 6,847.652(indirect: By 401 (K) Plan)
Common Stock
Footnotes (3)
- [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, 2014, 2015 and 2016. 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 $24.50 per share. Performance-Based Performance Units (75%) vest in equal annual installments on July 21, 2014, 2015 and 2016. 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 $24.50 per share.
- [F3]Between July 23, 2013 and August 21, 2013, the reporting person acquired 49.584 shares of Energy XXI common stock under the Energy XXI 401 (k) Plan.
Documents
Issuer
ENERGY XXI (BERMUDA) LTD
CIK 0001343719
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0001343719
Filing Metadata
- Form type
- 4
- Filed
- Aug 20, 8:00 PM ET
- Accepted
- Aug 21, 4:42 PM ET
- Size
- 7.9 KB