LABORDE JOHN PETER 4
4 · GULF ISLAND FABRICATION INC · Filed Nov 21, 2018
Insider Transaction Report
Form 4
LABORDE JOHN PETER
Director
Transactions
- Sale
Common Stock
2018-11-20$8.00/sh−3,920$31,366→ 754,171 total(indirect: Through Starboard Enterprises, L.L.C.) - Sale
Common Stock
2018-11-19$8.02/sh−800$6,418→ 758,091 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 $8.02 - $8.03. Mr. Laborde 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 $8.00 - $8.005. Mr. Laborde 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. Although Mr. Laborde is one of five managers of Starboard, he recuses himself from decisions regarding the issuer's securities. The reported sales were executed by Starboard for tax planning purposes. Mr. Laborde disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.