X0306 4 2014-03-31 0001330849 HERCULES OFFSHORE, INC. HERO 0001008023 WEBSTER STEVEN A 9 GREENWAY PLAZA, SUITE 2200 HOUSTON TX 77046 1 Common Stock, Par Value $0.01 Per Share 2014-03-31 4 P 0 50000 4.5591 A 1467140 D Common Stock, Par Value $0.01 Per Share 5000 I By Elizabeth Anne Webster Trust Common Stock, Par Value $0.01 Per Share 588767 I By Kestrel Capital, LP Common Stock, Par Value $0.01 Per Share 40000 I By San Felipe Resources Company Common Stock, Par Value $0.01 Per Share 44747 I By Steven A. Webster, Trustee These securities were acquired by Barrett L. Webster Trustee FBO Elizabeth Anne Webster Trust. Mr. Webster's daughter, who may be deemed to be a member of his household, is the beneficiary of such trust. The trust is administered by Mr. Webster's adult son. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes. Mr. Webster beneficially owns these shares of common stock indirectly through Kestrel Capital, LP, over which Mr. Webster shares voting and investment power. These securities were acquired by San Felipe Resources Company, a partnership in which Mr. Webster and his wife, Linda, are the general partners. Trustee of the Steven A. Webster Defined Benefit Pension Plan. /s/ Beau M. Thompson, attorney-in-fact 2014-03-31