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W&T OFFSHORE INC — Director's Dealing 2010
Aug 5, 2010
33425_dirs_2010-08-05_91bfe5fd-769a-4aa3-a8d1-534b92d1d199.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: W&T OFFSHORE INC (WTI)
CIK: 0001288403
Period of Report: 2010-08-03
Reporting Person: Schroeder Stephen L (SVP & Chief Operating Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-03 | Restricted Stock Units | $ | A | 72650 | Acquired | Common Stock (72650) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of WTI stock or its cash equivalent, as determined at the time of settlement by WTI.
F2: The vesting of the restricted stock units is subject to a service and performance condition during calendar year 2010. If the service and performance condition is met, then the restricted stock units will vest on December 15, 2012.
F3: The number of restricted stock units eligible for vesting is subject to adjustment to reflect the achievement of performance goals by the reporting person during the applicable performance period.