Bristow Group Inc. — Director's Dealing 2015

Mar 21, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ERA GROUP INC. (ERA)
CIK: 0001525221
Period of Report: 2015-03-19

Reporting Person: Bradshaw Christopher Scott (Director, Director, CEO and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-19	Common Stock	A	25000	—	Acquired	77180.3868	Direct
2015-03-20	Common Stock	S	3624	$20.966	Disposed	73556.3868	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-19	Stock Options (right to buy)	$21.26	A	60000	Acquired	2025-03-19	Common Stock (60000.0)	Direct

Footnotes

F1: Includes 1,133.27 shares of common stock acquired at $18.75 per share on February 27, 2015 pursuant to the Issuer's 2013 Employee Stock Purchase Plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.93 to $20.985, inclusive. The reporting person undertakes to provide to Era Group Inc., any security holder of Era Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F3: These options become exercisable as to 50% of the underlying shares of common stock on the first anniversary of the grant date and 25% of the underlying shares of common stock on each of the second and third anniversaries of the grant date.