X0303 4/A 2008-07-23 2008-07-24 0 0001343719 ENERGY XXI (BERMUDA) LTD EXXI 0001392263 Nelson Steve 1021 MAIN SUITE 2626 HOUSTON TX 77002 0 1 0 0 VP, Drilling and Production Common Stock 2008-07-23 4 A 0 35294 4.97 A 180297 D Restricted Stock Units 2008-07-23 4 A 0 35294 0 A Common Stock 35294 81961 D These shares are subject to certain restrictions. Vesting of such restricted shares will occur over a three-year period, on the first, second and third anniversary dates of the original effective grant date, July 23, 2008. The restricted stock units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan on July 23, 2008. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock or, at the option of the Issuer, the cash equivalent. The restricted stock units vest in three equal annual installments beginning on July 23, 2009. Includes 18,334 restricted stock units that vest on April 17, 2009 and 28,333 that vest in equal installments on July 1, 2009 and on July 1, 2010. /S/ STEVE NELSON 2008-07-24