4//SEC Filing
Scott Mike 4
Accession 0000899243-18-021694
CIK 0001514732other
Filed
Aug 7, 8:00 PM ET
Accepted
Aug 8, 5:09 PM ET
Size
9.3 KB
Accession
0000899243-18-021694
Insider Transaction Report
Form 4
Scott Mike
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2018-08-06+560,982→ 602,807 total - Tax Payment
Common Stock
2018-08-06$0.85/sh−269,272$228,881→ 333,535 total - Exercise/Conversion
Restricted Stock Units
2018-08-06−560,982→ 560,982 total→ Common Stock (560,982 underlying)
Footnotes (2)
- [F1]The Restricted Stock Units ("RSUs") were issued pursuant to the SAExploration Holdings, Inc. (the "Company") 2018 Long Term Incentive Plan (the "2018 Plan") on April 9, 2018. Pursuant to the 2018 Plan, the RSUs vest in three tranches as follows: (i) 25% on the 18-month anniversary of the consummation of the Restructuring, or July 29, 2019; (ii) 25% on the second anniversary of the consummation of the Restructuring, or January 29, 2020; and (iii) the remaining 50% on the third anniversary of the consummation of the Restructuring, or January 29, 2021. RSUs convert into share of Common Stock on a one-for-one basis.
- [F2]The Board of Directors of the Company approved the accelerated vesting of the first two tranches of the RSUs effective July 23, 2018. The RSUs were automatically converted into shares of Common Stock on August 6, 2018.
Documents
Issuer
SAExploration Holdings, Inc.
CIK 0001514732
Entity typeother
Related Parties
1- filerCIK 0001580855
Filing Metadata
- Form type
- 4
- Filed
- Aug 7, 8:00 PM ET
- Accepted
- Aug 8, 5:09 PM ET
- Size
- 9.3 KB