Energy XXI Ltd 4
4 · Energy XXI Ltd · Filed Dec 1, 2015
Insider Transaction Report
Form 4
Energy XXI LtdEXXI
Menown Hugh A
Vice Pres, Chief Acct Officer
Transactions
- Award
Restricted Stock Units
2015-12-01+114,364→ 114,364 total→ Common Stock (114,364 underlying) - Award
Performance Units
2015-12-01+113,220→ 113,220 total→ Common Stock (113,220 underlying)
Holdings
- 10,375(indirect: By Energy XXI Deferred Compensation Plan)
Common Stock
- 1,840(indirect: By IRA)
Common Stock
- 13,215.526
Common Stock
- 21,881.506(indirect: By 401 (K) Plan)
Common Stock
Footnotes (3)
- [F1]The restricted stock units and performance unit Shares were awarded December 1, 2015 under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan to Mr. Menown. Each 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.
- [F2]The restricted stock units will vest one-third on July 21, 2016, one-third on July 21, 2017, and one-third on July 21, 2018.
- [F3]Performance units vest on June 30, 2018. The number of units that vest is determined by the Company's Total Shareholder Return (TSR) which may range from 0% to 300%.