Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02 of the Original Form 8-K are corrected by this filing
accordingly. Capitalized terms used but not defined in this
Explanatory Note have the respective meanings set forth in the
Original Form 8-K.

This Form 8-K/A amends and restates in their entirety the second
and third paragraphs under the heading Employment Agreement in
Item5.02 of the Original Form 8-K, in the manner set forth
immediately following this paragraph. This Form 8-K/A also amends
Exhibit99.2 (the 2017 Annual RSU Grant Agreement) and Exhibit99.4
(the Sign-On Equity Grant Agreement) to correct the typographical
transpositions described above. Finally, this Form 8-K/A also
amends Exhibit99.3 (2017 Annual Stock Option Agreement) in order
to file the final version of such agreement (the Original Form
8-K included the form of that agreement, without the number of
stock options filled in). No other changes are made to the
Original Form8-Kby this Form 8-K/A.

Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

During his Employment Period, Mr.Brooks will be eligible to
participate in any equity compensation arrangement or plan
offered to senior executives. On April17,2017, Mr.Brooks received
an equity grant under the Energy XXI Gulf Coast, Inc. 2016 Long
Term Incentive Plan (the 2016 LTIP) for the 2017 calendar
year with a grant date value equal to 500% of his base salary
(2017 Equity Grant), (i)50% of which value was granted in
the form of 61,728 stock-settled restricted stock units (valued
on the date of grant based on the market price of the Common
Stock) (RSUs) and (ii)50% of which value was granted in
the form of 172,686 ten-year stock options with an exercise price
of $28.35 per share (valued on the date of grant based on third
party Black-Scholes methodology). The RSUs constituting part of
the 2017 Equity Grant were granted to that certain Restricted
Stock Unit Agreement and related Notice of Grant, dated as of
April17,2017, which is filed herewith as Exhibit99.2 (the 2017
Annual RSU Grant Agreement). The stock options constituting
the remaining part of the 2017 Equity Grant were granted to that
certain Option Agreement and Notice of Grant, which is filed
herewith as Exhibit 99.3 (the 2017 Annual Stock Option
Agreement and, together with the 2017 Annual RSU Grant
Agreement, the Annual Grant Agreements). The stock options
and RSUs granted to Mr.Brooks as part of his 2017 Equity Grant
will vest in three equal installments on each of the first three
anniversaries of the Brooks Effective Date, in each case provided
that Mr.Brooks remains continuously employed by the Company on
the applicable vesting date, except as described below in
connection with certain terminations by the Company without Cause
or certain terminations by Mr.Brooks for Good Reason. (Both Cause
and Good Reason are defined in the Employment Agreement and
summarized below.) Any stock options that have not been exercised
or forfeited on the tenth anniversary of the Brooks Effective
Date will expire at that time.

On April17,2017, Mr.Brooks also received a sign-on bonus in the
form of an additional grant of 49,382 RSUs (the Sign-On Equity
Grant) under the 2016 LTIP to that certain Restricted Stock
Unit Agreement and related Notice of Grant filed herewith as
Exhibit 99.4 (the Sign-On Equity Grant Agreement, and
together with the Annual Grant Agreements, the Brooks Grant
Agreements). The Sign-On Equity Grant had a grant date value
(based on market price on such date) equal to 200% of Mr.Brookss
base salary. The RSUs granted to Mr.Brooks as part of the Sign-On
Equity Grant vest 50% on December29,2017 and 50% on
December31,2018, in each case provided that Mr.Brooks remains
continuously employed by the Company on the applicable vesting
date, except as described below in connection with a termination
by the Company without Cause or a termination by Mr.Brooks for
Good Reason.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The exhibits listed in the following Exhibit Index are filed as
part of this Form 8-K/A.

Indicates Management Compensatory Plan, Contract or Arrangement.

* Filed herewith.

Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) Recent Trading Information

Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) closed its last trading session up +0.11 at 28.30 with 42,159 shares trading hands.