Bristow Group Inc. — Director's Dealing 2023

Feb 10, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Bristow Group Inc. (VTOL)
CIK: 0001525221
Period of Report: 2023-02-09

Reporting Person: Stavley Stuart (COO, Offshore Energy Services)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26817	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$20.48	2023-03-19	Common Stock (5000)		Direct
Employee Stock Option (Right to Buy)	$15.76	2030-06-17	Common Stock (10000)		Direct
Restricted Stock Units	$0		Common Stock (10000)		Direct

Footnotes

F1: Includes (i) 4,324 shares of restricted stock that, subject to limited exceptions, will vest on March 9, 2023, (ii) 6,275 shares of restricted stock that will vest in two equal installments scheduled to occur on June 1, 2023 and June 1, 2024, and (iii) 9,175 shares of restricted stock that will vest in three equal installments scheduled to occur on June 1, 2023, June 1, 2024 and June 1, 2025.

F2: These options granted on March 19, 2013 are fully vested and exercisable.

F3: These options granted on June 17, 2020 vest in full on June 12, 2023, subject to continuous service of the reporting person as of such vesting date.

F4: Each performance-vested restricted stock unit ("Performance RSU") granted on June 17, 2020 represents a contingent right to receive one share of common stock of the issuer ("Common Stock").

F5: The Performance RSUs are subject to a three-year performance period ending on June 12, 2023 and vest on June 12, 2023, if at all, if earned in three equal annual installments beginning on June 12, 2021 based on the achievement of pre-established target volume weighted average prices per share of Common Stock over the 120-day period immediately preceding June 12, 2021; June 12, 2022; and June 12, 2023.