Sec Form 4 Filing - KROHN TRACY W @ W&T OFFSHORE INC - 2016-09-07

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
KROHN TRACY W
2. Issuer Name and Ticker or Trading Symbol
W&T OFFSHORE INC [ WTI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last) (First) (Middle)
NINE GREENWAY PLAZA, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
09/07/2016
(Street)
HOUSTON, TX77046
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 09/07/2016 P 1,412,660 A 41,461,824 I By the Tracy William Krohn Living Trust
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KROHN TRACY W
NINE GREENWAY PLAZA, SU ITE 300
HOUSTON, TX77046
X X Chairman & CEO
Signatures
/s/ By Thomas F. Getten, attorney-in-fact for Tracy W. Krohn 09/13/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person is the primary beneficiary of the Tracy William Krohn Living Trust (the "Trust"), which was created by the reporting person as grantor of the Trust. The reporting person also serves as the trustee of the Trust. On September 7, 2016, the Trust exchanged $16,600,000 aggregate principal amount of the Issuer's 8.500% Senior Notes due 2019 pursuant to an Issuer exchange offer for (i) 1,412,660 shares of common stock of the Issuer, (ii) $3,734,000 aggregate principal amount of the Issuer's 9.00% / 10.75% Senior Second Lien PIK Toggle Notes due 2020 and (iii) $3,320,000 aggregate principal amount of the Issuer's 8.50% / 10.00% Senior Third Lien PIK Toggle Notes due 2021.

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