0001104659-23-067527.txt : 20230602 0001104659-23-067527.hdr.sgml : 20230602 20230602160313 ACCESSION NUMBER: 0001104659-23-067527 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230601 FILED AS OF DATE: 20230602 DATE AS OF CHANGE: 20230602 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Averick Robert M CENTRAL INDEX KEY: 0001343599 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34279 FILM NUMBER: 23988583 MAIL ADDRESS: STREET 1: KOKINO LLC STREET 2: 201 TRESSER BOULEVARD, 3RD FLOOR CITY: STAMFORD STATE: CT ZIP: 06901 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GULF ISLAND FABRICATION INC CENTRAL INDEX KEY: 0001031623 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440] IRS NUMBER: 721147390 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2170 BUCKTHORNE PL STREET 2: SUITE 420 CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: 713-714-6123 MAIL ADDRESS: STREET 1: 2170 BUCKTHORNE PL STREET 2: SUITE 420 CITY: THE WOODLANDS STATE: TX ZIP: 77380 4 1 tm2317334-2_4seq1.xml OWNERSHIP DOCUMENT X0407 4 2023-06-01 0 0001031623 GULF ISLAND FABRICATION INC GIFI 0001343599 Averick Robert M C/O KOKINO LLC 201 TRESSER BOULEVARD, 3RD FLOOR STAMFORD CT 06901 1 0 1 0 0 Common Stock 1811894 I See Footnote Common Stock 2023-06-01 4 M 0 8000 A 8000 D Restricted Stock Unit 2023-06-01 4 M 0 8000 0 D Common Stock 8000 8000 D Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D originally filed by Piton with the SEC on March 22, 2018, as amended from time to time. Indicates shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Mr. Averick manages Piton's investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Shares through his minority ownership of Piton, which is a client of Kokino (which ownership may be held through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Shares held by Piton. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member. The reported transaction involved Mr. Averick's receipt of a grant of 8,000 restricted stock units on June 1, 2022 under the Issuer's Long-Term Incentive Program. The restricted stock units vested on June 1, 2023. Restricted stock units convert into Shares on a one-for-one basis. The total reflects 8,000 restricted stock units that vest on May 1, 2024. /s/ Robert Averick 2023-06-02