4//SEC Filing
Lundstrom Bruce Douglas 4
Accession 0001140361-17-029718
CIK 0000098222other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 8:09 PM ET
Size
20.9 KB
Accession
0001140361-17-029718
Insider Transaction Report
Form 4
Lundstrom Bruce Douglas
Executive Vice President/GC
Transactions
- Award
Series A Warrants
2017-07-31+2,401→ 2,401 totalExercise: $57.06Exp: 2023-07-31→ Common Stock (2,401 underlying) - Award
Common Stock
2017-07-31+1,480→ 1,480 total - Award
Series A Warrants
2017-07-31+91→ 91 total(indirect: By 401(k))Exercise: $57.06Exp: 2023-07-31→ Common Stock (91 underlying) - Disposition to Issuer
Common Stock
2017-07-31−46,508→ 0 total - Disposition to Issuer
Common Stock
2017-07-31−1,761→ 0 total(indirect: By 401(k)) - Award
Series B Warrants
2017-07-31+98→ 98 total(indirect: By 401(k))Exercise: $62.28Exp: 2023-07-31→ Common Stock (98 underlying) - Award
Common Stock
2017-07-31+56→ 56 total(indirect: By 401(k)) - Award
Series B Warrants
2017-07-31+2,595→ 2,595 totalExercise: $62.28Exp: 2023-07-31→ Common Stock (2,595 underlying)
Footnotes (4)
- [F1]On May 17, 2017, the Issuer and certain of its subsidiaries (the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Cases" and such court, the "Bankruptcy Court"). On July 17, 2017, the Bankruptcy Court entered a written order (the "Confirmation Order") confirming the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of the Debtors, as modified by the Confirmation Order (the "Plan"). On July 31, 2017 (the "Effective Date"), the Plan became effective in accordance with its terms and the Debtors emerged from the Bankruptcy Cases. On the Effective Date, all outstanding shares of the Issuer's common stock, par value $0.10 per share (the "Old Common Stock"), and all options to purchase such stock, were cancelled and extinguished.
- [F2]Represents interests held for the benefit of the Reporting Person by the Trustee of the Tidewater Inc. 401(k) Savings Plan.
- [F3]As provided in the Plan, on the Effective Date, each holder of Old Common Stock (including the Reporting Person) received, in exchange for each one share of Old Common Stock held as of such date, (i) 0.031833 new shares of common stock, par value $0.001 per share (the "New Common Stock"), (ii) 0.051621 Series A Warrants to purchase an equivalent number of shares of New Common Stock (the "Series A Warrants"), and (iii) 0.055806 Series B Warrants to purchase an equivalent number of shares of New Common Stock (the "Series B Warrants"), in all cases, subject to rounding with no fractional shares or warrants issued. Such exchange was involuntary, without consideration and in accordance with the terms of the Plan.
- [F4]The Series A Warrants and Series B Warrants may be exercised at any time prior to the expiration date, unless earlier terminated and paid out by their terms upon the consummation of certain business combinations or sale transactions involving the Issuer.
Documents
Issuer
TIDEWATER INC
CIK 0000098222
Entity typeother
Related Parties
1- filerCIK 0001412972
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 8:09 PM ET
- Size
- 20.9 KB