GULFMARK OFFSHORE INC 4
4 · GULFMARK OFFSHORE INC · Filed Sep 30, 2013
Insider Transaction Report
Form 4
STREETER BRUCE A
DirectorPresident and CEO
Transactions
- Award
PHANTOM STOCK
2013-09-26$50.90/sh+378.26$19,253→ 77,393.01 total→ COMMON STOCK (378.26 underlying)
Footnotes (1)
- [F1]Phantom Stock units acquired through the reinvestment of dividends on September 26, 2013 and credited under the Company's Executive Nonqualified Excess Plan (the "Plan"). Participants are always 100% vested in their contribution to the Plan, which may be funded either through payroll deductions or reinvestment of dividends. Employer contributions vest according to the provision of the Plan, which is generally based on years of service (20% per year of credited service). A participant is 100% vested after 5 years of credited service.