Energy XXI Gulf Coast, Inc. 4
4 · Energy XXI Gulf Coast, Inc. · Filed Mar 24, 2017
Insider Transaction Report
Form 4
Menown Hugh A
EVP, Chief Accounting Officer
Transactions
- Award
Restricted Stock Units
2017-03-22+14,535→ 14,535 total→ Common Stock (14,535 underlying) - Award
Employee Stock Option (right to buy)
2017-03-22+37,200→ 37,200 totalExercise: $29.24Exp: 2027-03-22→ Common Stock (37,200 underlying)
Footnotes (4)
- [F1]The restricted stock units and the options were awarded under the Energy XXI Gulf Coast, Inc. 2016 Long Term Incentive Plan to Mr. Menown.
- [F2]Each option represents a contingent right to purchase one share of common stock, par value $0.01 per share, of Energy XXI Gulf Coast, Inc. at an exercise price of $29.24 pershare. The options vest and become exercisable in three substantially equal installments on each of March 22, 2018, March 22, 2019, and March 22, 2020, in each case provided that Mr. Menown remains continuously employed by Energy XXI Gulf Coast, Inc. on the applicable vesting date.
- [F3]Each restricted stock unit represents the contingent right to receive one share of common stock, par value of $0.01 per share, of Energy XXI Gulf Coast, Inc.
- [F4]The restricted stock units will vest in three substantially equal installments (and be settled within 60 days following) on each of March 22, 2018, March 22, 2019, and March 22, 2020, in each case provided that Mr. Menown remains continuously employed by Energy XXI Gulf Coast, Inc. on the applicable vesting date.