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