Whitebox Multi-Strategy Partners LP 4

4 · SAExploration Holdings, Inc. · Filed Feb 1, 2018

Form 4

Period: 2018-01-30

Director10% Owner

Transactions

Other
Mandatorily Convertible Series B Preferred Stock
2018-01-30+137,084→ 2,979,905 total
→ Common Stock (2,979,905 underlying)
Other
8.0% Cumulative Perpetual Series A Preferred Stock
2018-01-30+5,077→ 16,609,229 total
From: 2018-01-30→ Common Stock (16,609,229 underlying)
Other
Series C Warrants
2018-01-30+1,458,434→ 1,458,434 total
From: 2018-01-30→ Common Stock (1,458,434 underlying)
Other
8.0% Cumulative Perpetual Series A Preferred Stock
2018-01-30+8,514→ 8,514 total(indirect: See Footnote)
From: 2018-01-30→ Common Stock (27,853,256 underlying)
Other
Mandatorily Convertible Series B Preferred Stock
2018-01-30+228,913→ 228,913 total(indirect: See Footnote)
→ Common Stock (4,976,065 underlying)
Other
Series C Warrants
2018-01-30+2,446,026→ 2,446,026 total(indirect: See Footnote)
From: 2018-01-30→ Common Stock (2,446,026 underlying)

Footnotes (3)

[F1]These securities are directly beneficially owned by certain private investment funds, including Whitebox Multi-Strategy Partners, LP ("WMP") (together, the "Private Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC by virtue of its role as the investment manager of the Private Funds, and (b) Whitebox General Partner LLC by virtue of its role as the general partner of the Private Funds. Each of the Private Funds, Whitebox Advisors LLC and Whitebox General Partner LLC disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
[F2]These securities are directly beneficially owned by WMP.
[F3]The derivative securities were acquired pursuant to the exchange offer (the "Exchange Offer") and consent solicitation related to the Issuer's 10.000% Senior Secured Second Lien Notes due 2019 and the Issuer's 10.000% Senior Secured Notes due 2019. Reference is made to the Issuer's 8-K and the attachments thereto filed on February 1, 2018. Following the Exchange Offer, the Reporting Persons are no longer subject to Section 16.

Documents

1 file