Energy XXI Ltd 4
4 · Energy XXI Ltd · Filed Dec 1, 2015
Insider Transaction Report
Form 4
Energy XXI LtdEXXI
de Pinho Antonio
Sr. VP, JV, OBO, Technology
Transactions
- Award
Restricted Stock Units
2015-12-01−174,909→ 174,909 total→ Common Stock (174,909 underlying) - Award
Performance Units
2015-12-01−173,160→ 173,160 total→ Common Stock (173,160 underlying)
Holdings
- 8,100(indirect: By IRA)
Common Stock
- 6,725.25(indirect: By 401 (K) Plan)
Common Stock
- 18,483
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. de Pinho. 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%.