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
  1. 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.
  2. 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.
  3. 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.