ANNESSA CARL G 4
4 · HORNBECK OFFSHORE SERVICES INC /LA · Filed Mar 12, 2019
Insider Transaction Report
Form 4
ANNESSA CARL G
Executive Vice President & COO
Transactions
- Award
STOCK APPRECIATION RIGHTS
2019-03-08+226,573→ 226,573 totalExercise: $1.38Exp: 2029-03-08→ COMMON STOCK (226,573 underlying) - Award
PHANTOM STOCK
2019-03-08+339,860→ 339,860 totalExp: 2022-03-08→ COMMON STOCK (339,860 underlying)
Footnotes (2)
- [F1]The phantom stock units vest in three equal annual installments on each of the 1st, 2nd and 3rd anniversaries of the grant date. Each phantom stock unit represents the right to receive, upon settlement, the economic equivalent of one share of the Company's common stock. Phantom stock units may be settled in shares of Company common stock, cash, or a combination thereof (at the election of the issuer).
- [F2]The stock appreciation rights vest and become exercisable in three equal annual installments on each of the 1st, 2nd and 3rd anniversaries of the grant date. The stock appreciation rights represent the right to receive, upon exercise, a number of shares of Company common stock, cash, or a combination thereof (at the election of the issuer) equal to the product of the aggregate number of shares of Company common stock with respect to which the stock appreciation right award is exercised and the excess of the fair market value of a share of Company common stock as of the date of exercise over the base price specified above.