Form 4 for HOS HORNBECK OFFSHORE SERVICES, INC.
Accepted 2023-01-04 00:00:00 ET · period of report 2023-01-03 · accession 0001209191-23-001075 · 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 | 2023-01-04 | 2023-01-03 | HOS | Staffeldt Erik | EVP, CFO | F - Tax | $7.38 | -8,308 | 307.2K | -3% | -$61.3K |
| DM | 2023-01-04 | 2023-01-04 | HOS | Staffeldt Erik | EVP, CFO | M - OptEx | — | +93.1K | 364.7K | +34% | — |
| DM | 2023-01-04 | 2023-01-04 | HOS | Staffeldt Erik | EVP, CFO | D - Sale to Iss | $7.38 | -93.1K | 307.2K | -23% | -$687.4K |
| DM | 2023-01-04 | 2023-01-04 | HOS | Staffeldt Erik | EVP, CFO | M - OptEx | $0.00 | -93.1K | 114.9K | -45% | $0 |
| DM | 2023-01-04 | 2023-01-03 | HOS | Staffeldt Erik | EVP, CFO | A - Grant | $0.00 | +264.2K | 88.1K | New | $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 | 2023-01-03 | F | D | 8,308 | $7.38 | 307,230 | D | — | — | (F1) 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. |
| 2 | Common | Common Stock | 2023-01-04 | M | A | 35,714 | — | 342,944 | D | — | — | (F2) 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 lapsed on January 4, 2023 and the remaining one-third of the grant will lapse on January 4, 2024. |
| 3 | Common | Common Stock | 2023-01-04 | D | D | 35,714 | $7.38 | 307,230 | D | — | — | (F3) The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") elected to pay in cash the value of the 2021 RSUs for which forfeiture restrictions lapsed. |
| 4 | Common | Common Stock | 2023-01-04 | M | A | 57,425 | — | 364,655 | D | — | — | (F4) Each Restricted Stock Unit ("2022 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 2022 RSUs on January 4, 2023. Forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 4, 2024 and the remaining one-third of the grant on January 4, 2025. |
| 5 | Common | Common Stock | 2023-01-04 | D | D | 57,425 | $7.38 | 307,230 | D | — | — | (F5) The Compensation Committee elected to pay in cash the value of the 2022 RSUs for which forfeiture restrictions lapsed. |
| 6 | Derivative | Restricted Stock Units | 2023-01-04 | M | D | 35,714 | $0.00 | 35,715 | D | — · — to — | 35,714 Common Stock | (F2) 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 lapsed on January 4, 2023 and the remaining one-third of the grant will lapse on January 4, 2024. (F11) Upon lapse of the forfeiture restrictions of the 2021 RSUs. |
| 7 | Derivative | Performance Share Units | 2023-01-03 | A | A | 176,152 | $0.00 | 176,152 | D | — · — to — | 176,152 Common Stock | (F9) Amount reported is 200% of the number of PSUs granted and the maximum number that may be earned. (F8) 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 PSUs upon vesting may range from 0% to 200% dependent on the Company's performance over a three-year period beginning January 1, 2023 and ending December 31, 2025. Upon vesting, the Compensation Committee has the option to pay the value in cash at its discretion. (F10) Upon payment of the PSUs, which shall occur no later than March 15, 2026. |
| 8 | Derivative | Restricted Stock Units | 2023-01-03 | A | A | 88,076 | $0.00 | 88,076 | D | — · — to — | 88,076 Common Stock | (F6) This Restricted Stock Unit ("2023 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 2023 RSU represents the contingent right to receive one share of Company common stock. Forfeiture restrictions will lapse with respect to the 2023 RSUs granted on the basis of one-third of the grant on January 3, 2024, an additional one-third of the grant on January 3, 2025 and the remaining one-third of the grant on January 3, 2026. Upon each vesting, the Compensation Committee has the option to pay the value in cash at its discretion. (F7) Upon lapse of the forfeiture restrictions of the 2023 RSUs. |
| 9 | Derivative | Restricted Stock Units | 2023-01-04 | M | D | 57,425 | $0.00 | 114,851 | D | — · — to — | 57,425 Common Stock | (F4) Each Restricted Stock Unit ("2022 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 2022 RSUs on January 4, 2023. Forfeiture restrictions with respect to an additional one-third of the grant will lapse on January 4, 2024 and the remaining one-third of the grant on January 4, 2025. (F12) Upon lapse of the forfeiture restrictions of the 2022 RSUs. |