4//SEC Filing
Energy XXI Ltd 4
Accession 0001343719-16-000021
CIK 0001343719operating
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 8:30 AM ET
Size
10.8 KB
Accession
0001343719-16-000021
Insider Transaction Report
Form 4
Energy XXI LtdEXXIQ
de Pinho Antonio
Sr. VP, JV, OBO, Technology
Transactions
- Exercise/Conversion
Common Stock
2016-11-13+125,000→ 12,483 total - Disposition to Issuer
Common Stock
2016-11-13$0.14/sh−125,000$17,500→ 12,483 total - Exercise/Conversion
Restricted Stock Units
2016-11-13−125,000→ 125,000 total→ Common Stock (125,000 underlying)
Holdings
- 13,059.21(indirect: By 401 (K) Plan)
Common Stock
- 8,100(indirect: By IRA)
Common Stock
Footnotes (4)
- [F1]Awards granted in 2014 represent the economic equivalent of one share of the company's common stock payable in cash.
- [F2]Represents the cash value of the 125,000 restricted stock units vesting on November 13, 2016. Due to the company's commencement of proceedings under chapter 11 of the U.S. Bankruptcy Code, this amount cannot be paid without approval of the U.S. Bankruptcy Court, which approval is not currently being sought. However, Mr. de Pinho will have an unsecured claim against the company for the $17,500 payment.
- [F3]The restricted stock units were awarded under the Energy XXI Services, LLC 2006 Long-Term Incentive Plan to Mr. de Pinho.
- [F4]Represents vesting of the first installment of Mr. de Pinho's restricted stock units granted on November 13, 2014. The restricted stock units vested 50% on November 13, 2016, and will vest the remaining 50% on November 13, 2017.
Documents
Issuer
Energy XXI Ltd
CIK 0001343719
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0001343719
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 8:30 AM ET
- Size
- 10.8 KB