Sec Form 4 Filing - HARP JAMES O JR @ HORNBECK OFFSHORE SERVICES INC /LA - 2019-02-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
HARP JAMES O JR
2. Issuer Name and Ticker or Trading Symbol
HORNBECK OFFSHORE SERVICES INC /LA [ HOS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President & CFO
(Last) (First) (Middle)
103 NORTHPARK BOULEVARD, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2019
(Street)
COVINGTON, LA70433
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 02/15/2019 M 19,307 A 354,018 D
COMMON STOCK 02/15/2019 D 19,307 D $ 1.47 ( 1 ) 334,711 D
COMMON STOCK 02/15/2019 M 87,268 A 421,979 D
COMMON STOCK 02/15/2019 D 87,268 D $ 1.47 ( 2 ) 334,711 D
COMMON STOCK 02/15/2019 F 5,773 ( 3 ) D $ 1.59 328,938 D
COMMON STOCK 12,784 I By IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
PHANTOM STOCK ( 1 ) 02/15/2019 M 19,307 ( 1 ) ( 1 ) COMMON STOCK 19,307 ( 1 ) 0 D
PHANTOM STOCK ( 2 ) 02/15/2019 M 87,268 ( 2 ) ( 2 ) COMMON STOCK 87,268 ( 2 ) 28,574 D
PHANTOM STOCK ( 4 ) 02/15/2019 D 28,574 ( 4 ) ( 4 ) COMMON STOCK 28,574 ( 4 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HARP JAMES O JR
103 NORTHPARK BOULEVARD, SUITE 300
COVINGTON, LA70433
Executive Vice President & CFO
Signatures
/s/ Beth A. LaBrosse as POA for James O. Harp 02/20/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the one-third vesting and cash settlement of a time-vest phantom stock unit award with a Grant Date of February 16, 2016. Each phantom unit is the economic equivalent of one share of the Company's Common Stock. The phantom shares are payable in cash or stock at the election of the Company. Cash awards are based on a 10 day trailing average of the market price of the Company's stock on the vesting date. No shares were actually issued, converted, or sold in connection with this transaction.
( 2 )Represents the vesting and cash settlement of a performance-vest phantom stock unit award with a Grant Date of February 16, 2016. Each phantom unit is the economic equivalent of one share of the Company's Common Stock. The phantom shares are payable in cash or stock at the election of the Company. Cash awards are based on a 10 day trailing average of the market price of the Company's stock on the vesting date. No shares were actually issued, converted, or sold in connection with this transaction.
( 3 )Disposition of these shares represents payment of tax liability by delivering or withholding securities incident to the vesting of a restricted stock unit award issued in accordance with Rule 16b-3.
( 4 )These shares represent the forfeiture of a portion of a performance - vest phantom stock unit award granted February 16, 2016.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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