LABORDE JOHN PETER 4
4 · GULF ISLAND FABRICATION INC · Filed Nov 19, 2018
Insider Transaction Report
Form 4
LABORDE JOHN PETER
Director
Transactions
- Sale
Common Stock
2018-11-16$8.02/sh−15,808$126,731→ 758,891 total(indirect: Through Starboard Enterprises, L.L.C.) - Sale
Common Stock
2018-11-15$8.02/sh−7,300$58,520→ 774,699 total(indirect: Through Starboard Enterprises, L.L.C.)
Holdings
- 33,708
Common Stock
Footnotes (3)
- [F1]The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $8.00 - $8.22. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F2]The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $8.02 - $8.11. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F3]Represents shares of the issuer's common stock held by Starboard Enterprises, L.L.C. ("Starboard"), a family limited liability company. The reported sales were executed by Starboard for tax planning purposes. On the Reporting Person's previous Forms 4, he reported his proportionate share of the issuer's common stock held by Starboard as permitted under Section 16 rules. The shares noted as beneficially owned by Starboard in the table above represent all shares held by Starboard, and the Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.