Energy XXI Ltd 4
4 · Energy XXI Ltd · Filed Dec 15, 2014
Insider Transaction Report
Form 4
Energy XXI LtdEXXI
Louie Norman
Director
Transactions
- Award
Common Stock
2014-12-15$2.45/sh+63,406$155,345→ 63,406 total
Footnotes (2)
- [F1]Upon becoming a director of EXXI on December 15, 2014, Mr. Louie received 63,406 common shares as the pro-rata share of his annual 2015 stock retainer which vests on the 2015 Annual General Meeting of Shareholders.
- [F2]Norman Louie is a Managing Director and Partner of Mount Kellett Capital Management LP ("Mount Kellett"). Certain funds and accounts affiliated with Mount Kellett (collectively, the "Funds") beneficially hold 5,923,158 shares of Common Stock. Mount Kellett currently files with the U.S. Securities and Exchange Commission disclosures under Section 13 of the Exchange Act of 1934 with respect to Mount Kellett's holdings of the Common Stock. The Reporting Person's interest in the Common Stock held by the Funds is limited to his pecuniary interest in such Common Stock, if any. The Reporting Person does not exercise any voting or dispositive control with respect to the Common Stock held by the Funds.