X0306 4 2013-07-21 0 0001343719 ENERGY XXI (BERMUDA) LTD EXXI 0001398348 Lawrence Stewart 1021 MAIN SUITE 2626 HOUSTON TX 77002 0 1 0 0 Vice President, Inv. Relations Common Stock 2013-07-21 4 J 0 5135 A 73240 D Common Stock 2013-07-21 4 J 0 2175 D 71065 D Common Stock 2013-07-21 4 J 0 655 A 71720 D Common Stock 2013-07-21 4 J 0 277 D 71443 D Common Stock 2013-07-21 4 J 0 681 A 72124 D Common Stock 2013-07-21 4 J 0 288 D 71836 D Common Stock 51810 I By IRA Common Stock 5751.049 I By 401(K) Plan Common Stock 4789 I By Family Members Common Stock 3186 I By Energy XXI Deferred Compensation Plan Performance Units 2013-07-21 4 J 0 18333 0 D Common Stock 18333 0 D Performance Units 2013-07-21 4 J 0 29167 0 D Common Stock 29167 29167 D Performance Units 2013-07-21 4 J 0 30333 0 D Common Stock 30333 60667 D Performance Units 2013-07-21 4 A 0 112000 0 A Common Stock 112000 112000 D Represents vesting of the last one-third of Mr. Lawrence's performance units granted on July 21, 2010. Mr. Lawrence elected to pay a tax liability arising upon vesting of the performance units by having the Issuer withhold shares that would have otherwise been issued to Mr. Lawrence. The 2,175 shares withheld had a value equal to the tax liability. Represents vesting of the second one-third of Mr. Lawrence's performance units granted on July 21, 2011. Mr. Lawrence elected to pay a tax liability arising upon vesting of the performance units by having the Issuer withhold shares that would have otherwise been issued to Mr. Lawrence. The 277 shares withheld had a value equal to the tax liability. Represents vesting of the first one-third of Mr. Lawrence's performance units granted on July 21, 2012. Mr. Lawrence elected to pay a tax liability arising upon vesting of the performance units by having the Issuer withhold shares that would have otherwise been issued to Mr. Lawrence. The 288 shares withheld had a value equal to the tax liability. The performance units were awarded under The Energy XXI Services, LLC 2006 Long-Term Incentive Plan. Time-Based Performance Units (25%) vest in equal annual installments on July 21, 2014, 2015 and 2016. The amount due the employee is equal to the grant date unit value of $5.00 plus the change in stock price over the performance period, multiplied by the number of units that vest. The initial stock price used in determining the change in stock price is $24.50 per share. Performance-Based Performance Units (75%) vest in equal annual installments on July 21, 2014, 2015 and 2016. The amount due the employee is equal to the grant date unit value of $5.00 plus the change in stock price over the performance period, multiplied by the number of units that vest. The number of units that vest is determined by the Company's Total Shareholder Return (TSR) performance measured against a TSR Unit Number Modifier, which may range from 0% to 200%. The initial stock price used in determining the change in stock price is $24.50 per share. Between July 1, 2013 and July 21, 2013, the reporting person acquired 28.65 shares of Energy XXI common stock under the Energy XXI 401 (k) Plan /S/ STEWART LAWRENCE 2013-07-23