0001104659-24-043085.txt : 20240403 0001104659-24-043085.hdr.sgml : 20240403 20240403160140 ACCESSION NUMBER: 0001104659-24-043085 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240401 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240403 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Averick Robert M CENTRAL INDEX KEY: 0001343599 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34279 FILM NUMBER: 24818596 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] ORGANIZATION NAME: 04 Manufacturing 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 tm2410644-1_4seq1.xml OWNERSHIP DOCUMENT X0508 4 2024-04-01 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 18000 D Restricted Stock Unit 2024-04-01 4 A 0 5333 0.00 A 2025-04-01 2025-04-01 Common Stock 5333 13333 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. Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock on April 1, 2025. The restricted stock units were received as a grant or award. This is the total of all restricted stock units held by Mr. Averick, including those with different terms and conditions, as of the filing date of this Form 4. /s/ Robert Averick 2024-04-03