Filing Details
- Accession Number:
- 0001140361-10-027896
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-07-01 13:00:00
- Reporting Period:
- 2010-06-30
- Filing Date:
- 2010-07-01
- Accepted Time:
- 2010-07-01 16:09:41
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1343719 | Energy Xxi (Bermuda) Ltd | EXXI | Oil & Gas Field Exploration Services (1382) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1392240 | Ben Marchive | 1021 Main Suite 2626 Houston TX 77002 | Senior Vice-President, Oper. | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2010-06-30 | 3,333 | $0.00 | 192,154 | No | 4 | J | Direct | |
Common Stock | Disposition | 2010-06-30 | 1,215 | $0.00 | 190,939 | No | 4 | J | Direct | |
Common Stock | Acquisiton | 2010-06-30 | 2,024 | $10.50 | 192,963 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | J | Direct | |
No | 4 | J | Direct | |
No | 4 | P | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Restricted Stock Units | Disposition | 2010-06-30 | 3,333 | $0.00 | 3,333 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
7,500 | No | 4 | J | Direct |
Footnotes
- Represents vesting of the final one-third of Mr. Marchive's restricted stock units granted on June 30, 2007. Mr. Marchive elected to pay a tax liability arising upon vesting of the restricted stock by having the Issuer withhold shares that would have otherwise been issued to Mr. Marchive. The 1,215 shares withheld had a value equal to the tax liability.
- The restricted stock units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock or, at the option of the Issuer, the cash equivalent.
- The shares were purchased under the Employee Stock Purchase Plan which allows employees to purchase common stock at a 15 percent discount from the lower of the common stock closing price on the first or last day of the period. This period was from January 1, 2010 through June 30, 2010.