Erik Staffeldt - Jan 2, 2022 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Signature
Ken Neikirk by power of attorney
Stock symbol
HLX
Transactions as of
Jan 2, 2022
Transactions value $
-$180,411
Form type
4
Date filed
1/5/2022, 05:58 AM
Next filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLX Common Stock Tax liability -$46.1K -14.8K -6.08% $3.12 228K Jan 2, 2022 Direct F1
transaction HLX Common Stock Tax liability -$22.8K -7.32K -3.21% $3.12 221K Jan 2, 2022 Direct F2
transaction HLX Common Stock Options Exercise +35.7K +16.15% 257K Jan 4, 2022 Direct F3
transaction HLX Common Stock Disposed to Issuer -$111K -35.7K -13.91% $3.12 221K Jan 4, 2022 Direct F4

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 HLX Restricted Stock Units Options Exercise $0 -35.7K -33.33% $0.00 71.4K Jan 4, 2022 Common Stock 35.7K Direct F3, F5
transaction HLX Restricted Stock Units Award $0 +172K $0.00 172K Jan 4, 2022 Common Stock 172K Direct F6, F7
transaction HLX Performance Share Units Award $0 +345K $0.00 345K Jan 4, 2022 Common Stock 345K Direct F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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.
F3 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.
F4 The Compensation Committee of the Company's Board of Directors elected to pay in cash the value of the 2021 RSUs for which forfeiture restrictions lapsed.
F5 Upon lapse of the forfeiture restrictions of the 2021 RSUs.
F6 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.
F7 Upon lapse of the forfeiture restrictions of the 2022 RSUs.
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 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.
F9 Amount reported is 200% of the number of PSUs granted and the maximum number that may be earned.
F10 Upon payment of the PSUs, which shall occur no later than March 15, 2025.