W&T OFFSHORE INC 4
4 · W&T OFFSHORE INC · Filed Jun 12, 2013
Insider Transaction Report
Form 4
Murphy Thomas P.
SVP & Chief Operations Officer
Transactions
- Award
RESTRICTED STOCK UNITS
2013-06-11−8,500→ 8,500 total→ Common Stock (8,500 underlying) - Award
RESTRICTED STOCK UNITS
2013-06-10−51,049→ 51,049 total→ Common Stock (51,049 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of WTI stock or its cash equivalent, as determined at the time of settlement by WTI.
- [F2]The vesting of the restricted stock units is subject to service and performance conditions during calendar years 2013, 2014, and a portion of 2015, and a service condition thereafter until December 15, 2015. If these conditions are met, then the restricted stock units will vest on December 15, 2015. The number of restricted stock units eligible for vesting is subject to adjustment to reflect the achievement of performance goals by the reporting person during the applicable performance period.
- [F3]The vesting of the restricted stock units is subject to a service condition through June 11, 2015. If the condition is met, then the restricted stock units will vest on June 11, 2015.