GULFMARK OFFSHORE INC 4/A
4/A · GULFMARK OFFSHORE INC · Filed Jan 26, 2015
Insider Transaction Report
Form 4/AAmended
VALUTAS CHARLES K
Director
Transactions
- Award
PHANTOM STOCK
2015-01-21$24.42/sh+126.74$3,095→ 607.73 total→ COMMON STOCK (126.74 underlying)
Footnotes (2)
- [F1]Phantom Stock units credited under the Company's Executive Nonqualified Excess Plan (the "Plan"). Participants are always 100% vested in their contributions to the Plan. 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.
- [F2]Due to an inadvertent error in calculation, the original Form 4 understated the number of Phantom Stock units credited under the Plan.