X0202 4 2008-03-10 1 0000866829 HELIX ENERGY SOLUTIONS GROUP INC HLX 0001068140 FERRON MARTIN R 95 TRINITY OAKS CIRCLE THE WOODLANDS TX 77381 1 1 0 0 Former President & CEO Common Stock 2008-03-10 4 M 0 11317 9.32 A 253164 D Common Stock 2008-03-10 4 S 0 11317 33.28 D 241847 D Option (right to buy) 9.32 2008-03-10 4 X 0 11317 0.00 D 2009-04-19 Common Stock 11317 16983 D This option was the result of a transaction resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on March 17, 2003 and provided for vesting in five equal installments commencing on March 17, 2004. The option was amended on February 18, 2008 to provide for immediate vesting of the remaining 5,658 shares under the option. This option was granted pursuant to the Company's 1995 Long Term Incentive Plan, as amended, and therefore has no purchase or sales price. A. Wade Pursell, by power of attorny 2008-03-11