ENERGY XXI (BERMUDA) LTD 4
4 · ENERGY XXI (BERMUDA) LTD · Filed Jul 21, 2014
Insider Transaction Report
Form 4
Marchive Ben
Senior Vice-President, Oper.
Transactions
- Award
Performance Units
2014-07-17+108,000→ 108,000 total→ Common Stock (108,000 underlying)
Holdings
- 46,660(indirect: By Energy XXI Deferred Compensation Plan)
Common Stock
- 11,369.881(indirect: By 401(k))
Common Stock
- 77,740(indirect: By IRA)
Common Stock
- 127,389
Common Stock
Footnotes (3)
- [F1]Between July 2, 2014 and July 21, 2014, the reporting person acquired 97.474 shares of Energy XXI common stock under the Energy XXI 401 (k) Plan
- [F2]The performance units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan.
- [F3]Performance Units vest in equal annual installments on July 17, 2015, 2016 and 2017. The number of units that vest is determined by the Company's relative Total Shareholder Return (TSR) performance measured against an identified peer group, which may range from 0% to 200%. The initial EXXI stock price used in determining the relative performance is $21.72 per share.