Form 4 for HOS HORNBECK OFFSHORE SERVICES, INC.
Accepted 2022-01-05 00:00:00 ET · period of report 2022-01-02 · accession 0001209191-22-001363 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-01-05 | 2022-01-04 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | — | +43.6K | 7.21M | +0.6% | — |
| DM | 2022-01-05 | 2022-01-02+ | HOS | KRATZ OWEN E | Pres, CEO, Dir | F - Tax | $3.12 | -82.8K | 7.20M | -1% | -$258.4K |
| DM | 2022-01-05 | 2022-01-04 | HOS | KRATZ OWEN E | Pres, CEO, Dir | A - Grant | $0.00 | +1.73M | 1.15M | New | $0 |
| D | 2022-01-05 | 2022-01-04 | HOS | KRATZ OWEN E | Pres, CEO, Dir | M - OptEx | $0.00 | -43.6K | 87.3K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-01-04 | M | A | 43,650 | — | 7,214,415 | D | — | — | (F4) Each Restricted Stock Unit ("2021 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2021 RSUs on January 4, 2022. Forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 4, 2023 and the remaining one-third of the grant on January 4, 2024. (F2) Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner. |
| 2 | Common | Common Stock | 2022-01-02 | F | D | 24,518 | $3.12 | 7,170,765 | D | — | — | (F3) 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) Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner. |
| 3 | Common | Common Stock | 2022-01-02 | F | D | 41,137 | $3.12 | 7,195,283 | D | — | — | (F1) These shares were forfeited to satisfy tax obligations related to the vesting of the pro rata portion of the reporting person's 2019 restricted stock award. (F2) Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner. |
| 4 | Common | Common Stock | 2022-01-04 | F | D | 17,177 | $3.12 | 7,197,238 | D | — | — | (F5) These shares were forfeited to satisfy tax obligations related to the vesting of the pro rata portion of the reporting person's 2021 RSU award. (F2) Mr. Kratz disclaims beneficial ownership of 1,000,000 shares included in this amount, which shares are held by Joss Investments Limited Partnership, an entity in which he is a general partner. |
| 5 | Derivative | Restricted Stock Units | 2022-01-04 | A | A | 576,923 | $0.00 | 576,923 | D | — · — to — | 576,923 Common Stock | (F7) This Restricted Stock Unit ("2022 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 2022 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 one-third of the grant on January 4, 2023, an additional one-third of the grant on January 4, 2024 and the remaining one-third of the grant on January 4, 2025. Upon each vesting, the Compensation Committee of the Company's Board of Directors has the option to pay the value in cash at its discretion. (F8) Upon lapse of the forfeiture restrictions of the 2022 RSUs. |
| 6 | Derivative | Restricted Stock Units | 2022-01-04 | M | D | 43,650 | $0.00 | 87,302 | D | — · — to — | 43,650 Common Stock | (F4) Each Restricted Stock Unit ("2021 RSU") represents the contingent right to receive one share of Company common stock. Forfeiture restrictions lapsed with respect to one-third of the grant of the 2021 RSUs on January 4, 2022. Forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 4, 2023 and the remaining one-third of the grant on January 4, 2024. (F6) Upon lapse of the forfeiture restrictions of the 2021 RSUs. |
| 7 | Derivative | Performance Share Units | 2022-01-04 | A | A | 1,153,846 | $0.00 | 1,153,846 | D | — · — to — | 1,153,846 Common Stock | (F10) Amount reported is 200% of the number of PSUs granted and the maximum number that may be earned. (F9) 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, 2022 and ending December 31, 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. (F11) Upon payment of the PSUs, which shall occur no later than March 15, 2025. |