Energy XXI Gulf Coast, Inc. 4
4 · Energy XXI Gulf Coast, Inc. · Filed Jan 10, 2017
Insider Transaction Report
Form 4
Reddin Michael
Director
Transactions
- Award
Restricted Stock Units
2017-01-06+8,750→ 23,750 total→ Common Stock (8,750 underlying) - Award
Restricted Stock Units
2017-01-06+15,000→ 23,750 total→ Common Stock (15,000 underlying)
Footnotes (4)
- [F1]The restricted stock units were awarded under the Energy XXI Gulf Coast, Inc. 2016 Long Term Incentive Plan to Mr. Reddin.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share, of Energy XXI Gulf Coast, Inc.
- [F3]4,375 of the restricted stock units are vested, but settlement of this portion of this award is deferred until the earlier of (a) a change of control of Energy XXI Gulf Coast, Inc. or (b) the date that Mr. Reddin ceases to be a member of the Board of Directors. 4,375 of the restricted stock units will vest on January 31, 2018, but the settlement of this portion of this award may be deferred at the election of Mr. Reddin.
- [F4]The restricted stock units will vest in three equal installments on January 31, 2018, December 31, 2018, and December 31, 2019, but settlement of the award may be deferred at the election of Mr. Reddin.