X0306 4 2016-01-04 0 0000866829 HELIX ENERGY SOLUTIONS GROUP INC HLX 0001041815 KRATZ OWEN E 3505 W SAM HOUSTON PARKWAY N. SUITE 400 HOUSTON TX 77043 1 1 0 0 PRESIDENT & CEO Common Stock 2016-01-04 4 A 0 304183 0.00 A 6690526 D Performance Share Unit 2016-01-04 4 A 0 608366 0.00 A Common Stock 608366 608366 D This restricted stock award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 9, 2012) and therefore has no purchase or sales price. Each Performance Share Unit ("PSU") represents the contingent right to receive one share of Company common stock. Actual number of shares upon vesting may range from 0% to 200% dependent on the Company's relative shareholder return as compared to its peer group over a three-year period beginning January 1, 2016 and ending December 31, 2018. The Compensation Committee has the option to pay the value in cash at its discretion. Amount reported is 200% of the number of PSUs granted and the maximum number that may be earned. Upon payment of the PSUs which, shall occur no later than March 15, 2019. /s/ Alisa B. Johnson by power of attorney 2016-01-06