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W&T OFFSHORE INC — Director's Dealing 2011
Aug 9, 2011
33425_dirs_2011-08-09_19d1e05a-e943-4432-815f-039ebf7b2a63.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: 2011-08-05
Reporting Person: Vazquez Jamie L (President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-08-05 | Restricted Stock Units | $ | A | 68934 | Acquired | Common Stock (68934) | 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 2011 and a service condition thereafter until December 15, 2013. If these conditions are met, then the restricted stock units will vest on December 15, 2013.
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.