Stephen L. Schroeder - 15 Dec 2021 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role
SVP & Chief Technical Officer
Signature
/s/ By Shahid Ghauri, attorney-in-fact for Stephen L. Schroeder
Issuer symbol
WTI
Transactions as of
15 Dec 2021
Net transactions value
-$47,412
Form type
4
Filing time
22 Dec 2021, 08:06:00 UTC
Previous filing
30 Jun 2021
Next filing
04 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTI Common Stock Options Exercise +36,401 +13% 322,967 15 Dec 2021 Direct F1, F2
transaction WTI Common Stock Tax liability $47,412 -14,324 -4.4% $3.31 308,643 15 Dec 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WTI Restricted Stock Units Options Exercise $0 -36,401 -100% $0.000000* 0 15 Dec 2021 Common Stock 36,401 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2021, reporting person's 36,401 restricted stock units, which were granted on June 4, 2019, vested, and the reporting person received 36,401 shares of common stock.
F2 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.