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HELIX ENERGY SOLUTIONS GROUP INC — Director's Dealing 2021
Jan 5, 2021
32241_dirs_2021-01-05_18314e87-54b1-41ce-affc-18d5ab217bf2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK: 0000866829
Period of Report: 2021-01-02
Reporting Person: Neikirk Kenneth English (SVP, Gen Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-02 | Common Stock | F | 5796 | $4.20 | Disposed | 77340 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-04 | Restricted Stock Awards | $ | A | 95238 | Acquired | Common Stock (95238) | Direct | |
| 2021-01-04 | Performance Share Units | $ | A | 190476 | Acquired | Common Stock (190476) | Direct |
Footnotes
F1: These shares were forfeited to satisfy tax obligations related to the vesting of the pro rata portion of the reporting person's 2020 restricted stock award.
F2: This Restricted Stock Unit ("RSU") award was granted pursuant to the Company's 2005 Long Term Incentive Plan (as Amended and Restated effective May 15, 2019, the "LTIP") and each RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions will lapse with respect to the RSUs granted on the basis of 33% of the grant on January 1, 2022, 66% of the grant on January 1, 2023 and 100% of the grant on January 1, 2024. Upon vesting, the Compensation Committee of the Company's Board of Directors has the option to pay the value in cash at its discretion.
F3: Upon lapse of the forfeiture restrictions of the RSUs.
F4: This Performance Share Unit ("PSU") award was granted pursuant to the LTIP and each 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 performance over a three-year period beginning January 1, 2021 and ending December 31, 2023. Upon vesting, the Compensation Committee of the Company's Board of Directors has the option to pay the value in cash at its discretion.
F5: Amount reported is 200% of the number of PSUs granted and the maximum number that may be earned.
F6: Upon payment of the PSUs, which shall occur no later than March 15, 2024.