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W&T OFFSHORE INC — Director's Dealing 2014
Mar 28, 2014
33425_dirs_2014-03-28_30eb7c5e-3dc8-4f91-8c09-941da63fc57f.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: 2014-03-27
Reporting Person: GIBBONS JOHN D (Senior VP, CFO and CAO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-27 | RESTRICTED STOCK UNITS | $ | A | 90041 | Acquired | Common Stock (90041) | 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 service and performance conditions during calendar year 2014 and a service condition thereafter until December 15, 2016. If these conditions are met, then the restricted stock units will vest on December 15, 2016. 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.