4/A//SEC Filing
Whitebox Credit Partners, L.P. 4/A
Accession 0000919574-18-005012
CIK 0001514732other
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 5:12 PM ET
Size
10.7 KB
Accession
0000919574-18-005012
Insider Transaction Report
Form 4/AAmended
Transactions
- Conversion
Future Warrants
2018-07-25+5,869,008→ 5,869,008 total→ Common Stock - Conversion
8.0% Cumulative Perpetual Series A Preferred Stock
2018-07-25−1,794→ 0 total→ Common Stock
Footnotes (3)
- [F1]These securities are directly beneficially owned by Whitebox Credit Partners, LP ("WCP"). WCP disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and affirmatively disclaims being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, with any other person or entity.
- [F2]The Reporting Person obtained beneficial ownership of the derivative securities in connection with a conversion by the Issuer of 8.0% Cumulative Perpetual Series A Preferred Stock, par value $0.0001 per share ("Series A Preferred Stock"), with the consent of holders of 77.3% of the outstanding shares of the Series A Preferred Stock, into shares of common stock and/or currently unnamed warrants of the Issuer with terms identical to those of Series C Warrants (the "Future Warrants"), upon which each holder of Series A Preferred Stock will receive, for each share of Series A Preferred Stock being converted, on the conversion date, a number of shares of common stock and/or a number of Future Warrants, in aggregate equal to the applicable conversion rate (with shares of common stock or Future Warrants rounded down in lieu of any fractional shares or warrants, as applicable).
- [F3][continued from Footnote 2] A portion of the Series A Preferred Stock are represented by payments-in-kind that are expected to be received by the Reporting Person under the Certificate of Designations of 8.0% Cumulative Perpetual Series A Preferred Stock between the date hereof and the conversion date. The Reporting Person, as a holder thereof, elected to receive solely Future Warrants. Reference is made to the Issuer's 8-K and Exhibits 3.1 and 10.2 attached thereto filed on February 1, 2018, which is incorporated by reference.
Documents
Issuer
SAExploration Holdings, Inc.
CIK 0001514732
Entity typeother
IncorporatedVirgin Islands, British
Related Parties
1- filerCIK 0001311165
Filing Metadata
- Form type
- 4/A
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 5:12 PM ET
- Size
- 10.7 KB