HELIX ENERGY SOLUTIONS GROUP INC — Director's Dealing 2021

Jan 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK: 0000866829
Period of Report: 2021-01-06

Reporting Person: KRATZ OWEN E (Director, PRESIDENT & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-06	Common Stock	M	424404	—	Acquired	7403423	Direct
2021-01-06	Common Stock	F	167003	$4.20	Disposed	7236420	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-06	Performance Share Units	$	M	424404	Disposed		Common Stock (424404)	Direct

Footnotes

F1: Each Performance Share Unit ("2018 PSU") represented the contingent right to receive one share of Company common stock. Actual number of shares upon vesting could have ranged from 0% to 200% dependent on the Company's relative shareholder return as compared to its peer group over the three-year period beginning January 1, 2018 and ended December 31, 2020. Amount earned and vested was 200% of the number of 2018 PSUs granted.

F2: Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner.

F3: These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2018 PSUs.