0001567619-19-010004.txt : 20190507
0001567619-19-010004.hdr.sgml : 20190507
20190507160306
ACCESSION NUMBER: 0001567619-19-010004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190503
FILED AS OF DATE: 20190507
DATE AS OF CHANGE: 20190507
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Averick Robert M
CENTRAL INDEX KEY: 0001343599
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34279
FILM NUMBER: 19803018
MAIL ADDRESS:
STREET 1: KOKINO LLC
STREET 2: 201 TRESSER BOULEVARD, 3RD FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GULF ISLAND FABRICATION INC
CENTRAL INDEX KEY: 0001031623
STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440]
IRS NUMBER: 721147390
STATE OF INCORPORATION: LA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 16225 PARK TEN PLACE, SUITE 280
CITY: HOUSTON
STATE: TX
ZIP: 77084
BUSINESS PHONE: 7137146100
MAIL ADDRESS:
STREET 1: 16225 PARK TEN PLACE, SUITE 280
CITY: HOUSTON
STATE: TX
ZIP: 77084
4
1
doc1.xml
FORM 4
X0306
4
2019-05-03
0
0001031623
GULF ISLAND FABRICATION INC
GIFI
0001343599
Averick Robert M
C/O KOKINO LLC
201 TRESSER BOULEVARD, 3RD FLOOR
STAMFORD
CT
06901
1
0
0
0
Common Stock
1500000
I
See footnote 2 below
Common Stock
2019-05-03
4
M
0
1875
A
1875
D
Common Stock
2019-05-03
4
D
0
1875
8.38
D
0
D
Restricted Stock Units
2019-05-03
4
M
0
1875
D
2019-05-03
2019-05-03
Common Stock
1875
0
D
Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), also reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D filed by Piton with the SEC on March 22, 2018, as amended on April 6, 2018, April 25, 2018 and November 6, 2018.
(2) Indicates 1,500,000 shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Piton's managing member is Piton Capital Management LLC ("PCM"). PCM's managing member is Kokino, and Kokino is Piton's trading manager. Mr. Averick manages Piton's investment in the Issuer as Kokino's Portfolio Manager. Mr. Averick holds an economic interest in Piton (which interest may be held directly and, from time to time, indirectly through PCM). Also, Mr. Averick's incentive compensation as an employee of Kokino, which is calculated in Kokino's discretion, may be based, among other things, on the performance of Shares held by Piton. Such compensation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM).
Restricted stock units ("RSUs") were granted to Mr. Averick upon his election to the Issuer's board of directors on November 3, 2018. The RSUs vested on May 3, 2019 and give Mr. Averick the right to receive cash equal to the closing sale price per share of common stock on May 3, 2019 times the number of shares underlying the RSUs. In accordance with the terms of the award, Mr. Averick has settled 100% of such RSUs for cash.
/s/ Robert Averick
2019-05-07