Scott Andrew Sparks - Jan 21, 2022 Form 4 Insider Report for HELIX ENERGY SOLUTIONS GROUP INC (HLX)

Role
EVP and COO
Signature
Ken Neikirk by power of attorney
Stock symbol
HLX
Transactions as of
Jan 21, 2022
Transactions value $
-$181,484
Form type
4
Date filed
1/24/2022, 04:25 PM
Previous filing
Jan 5, 2022
Next filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLX Common Stock Options Exercise $0 +156K +84.96% $0.00 339K Jan 21, 2022 Direct F1, F2
transaction HLX Common Stock Tax liability -$181K -58.2K -17.16% $3.12 281K Jan 21, 2022 Direct F3

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 Performance Share Units Options Exercise $0 -156K -100% $0.00* 0 Jan 21, 2022 Common Stock 156K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit ("2019 PSU") was previously granted on January 2, 2019 and represented the contingent right to receive one share of Company common stock. Actual number of shares upon vesting could have ranged from 0% to 200% dependent on the Company's relative shareholder return as compared to its peer group over the three-year period beginning January 1, 2019 and ended December 31, 2021. Amount earned and vested was 156.75% of the number of 2019 PSUs granted.
F2 Since the date of the reporting person's last ownership report, he transferred 15,867 shares of Helix Energy Solutions Group, Inc. common stock to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
F3 These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's 2019 PSUs.