Helix Energy's (HLX) CEO Buys 115K Shares
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Helix Energy Solutions (NYSE: HLX) reported that Owen Kratz, the Company’s President and Chief Executive Officer, has purchased approximately 115,900 shares of the Company’s common stock in a series of transactions between March 10 and March 13, 2008.
Mr. Kratz acquired the shares for investment purposes and such shares were not acquired and are not held for the purpose of, or with the effect of, changing or influencing the control of the Company. Mr. Kratz will continue to consider his investment in the Company based on various economic factors, and as a result, may purchase or sell shares of the Company’s common stock as permitted by law.
In addition, on March 10, 2008, Mr. Kratz delivered shares of the Company common stock as the result of the settlement of a Forward Purchase Agreement with an unaffiliated third party originally entered into on February 24, 2005. Pursuant to the agreement, Mr. Kratz agreed to deliver up to 1,000,000 shares of the Company’s common stock in two installments of up to 500,000 on each of March 10, 2008 and March 24, 2008.
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