0001144204-16-129019.txt : 20161021 0001144204-16-129019.hdr.sgml : 20161021 20161021183217 ACCESSION NUMBER: 0001144204-16-129019 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161020 FILED AS OF DATE: 20161021 DATE AS OF CHANGE: 20161021 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Energy XXI Ltd CENTRAL INDEX KEY: 0001343719 STANDARD INDUSTRIAL CLASSIFICATION: OIL AND GAS FIELD EXPLORATION SERVICES [1382] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: CANONS COURT STREET 2: 22 VICTORIA STREET PO BX HM 1179 CITY: HAMILTON STATE: D0 ZIP: 00000 BUSINESS PHONE: 713 351 3003 MAIL ADDRESS: STREET 1: CANONS COURT STREET 2: 22 VICTORIA STREET PO BX HM 1179 CITY: HAMILTON STATE: D0 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY XXI (BERMUDA) LTD DATE OF NAME CHANGE: 20061026 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY XXI ACQUISITION CORP BERMUDA LTD DATE OF NAME CHANGE: 20051107 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Busmire Bruce W CENTRAL INDEX KEY: 0001339905 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33628 FILM NUMBER: 161947038 MAIL ADDRESS: STREET 1: 1201 LAKE ROBBINS DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 4 1 v450982_4.xml OWNERSHIP DOCUMENT X0306 4 2016-10-20 0 0001343719 Energy XXI Ltd EXXIQ 0001339905 Busmire Bruce W 1021 MAIN SUITE 2626 HOUSTON TX 77002 0 1 0 0 Chief Financial Officer Common Stock 2016-10-20 4 M 0 100000 A 96325 D Common Stock 2016-10-20 4 D 0 100000 0.18 D 96325 D Restricted Stock Units 2016-10-20 4 M 0 100000 0 D Common Stock 100000 100000 D Awards granted in 2014 represent the economic equivalent of one share of the company's common stock payable in cash. Represents the cash value of the 100,000 restricted stock units vesting on October 20, 2016. Due to the company's commencement of proceedings under chapter 11 of the U.S. Bankruptcy Code, this amount cannot be paid without approval of the U.S. Bankruptcy Court, which approval is not currently being sought. However, Mr. Busmire will have an unsecured claim against the company for the $18,000 payment, of which 20% is payable to his former spouse pursuant to a domestic relations order. The restricted stock units were awarded under the Energy XXI Services, LLC 2006 Long-Term Incentive Plan to Mr. Busmire. Represents vesting of the second annual installment of Mr. Busmire's restricted stock units granted on October 20, 2014. The resticted stock units vested 20% on October 20, 2015 and 40% on October 20, 2016, and will vest the remaining 40% on October 20, 2017. /s/ Bruce W. Busmire 2016-10-21