AI assistant
W&T OFFSHORE INC — Director's Dealing 2012
Dec 18, 2012
33425_dirs_2012-12-18_f53d6a77-90fe-4eac-846f-f11b55a2cb43.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: W&T OFFSHORE INC (WTI)
CIK: 0001288403
Period of Report: 2012-12-17
Reporting Person: KROHN TRACY W (Director, Chairman & CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-12-17 | COMMON STOCK | M | 427350 | — | Acquired | 39685931 | Direct |
| 2012-12-17 | COMMON STOCK | F | 113034 | $16.68 | Disposed | 39572897 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-12-17 | RESTRICTED STOCK UNITS | $ | M | 427350 | Disposed | Common Stock (427350) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| COMMON STOCK | 238921 | Indirect |
Footnotes
F1: On December 17, 2012, reporting person's 427,350 restricted stock units, which were granted on August 3, 2010, vested, and the reporting person received 427,350 shares of WTI common stock.
F2: These shares are held in the Krohn 2008 Irrevocable Trust, the beneficiaries of which are the reporting person's children. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares for purposes of Section 16 or for any other purpose.
F3: 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.