4//SEC Filing
Whitebox Credit Partners, L.P. 4
Accession 0000919574-19-002668
CIK 0001514732other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:22 PM ET
Size
16.0 KB
Accession
0000919574-19-002668
Insider Transaction Report
Form 4
Whitebox Multi-Strategy Partners LP
10% Owner
Transactions
- Purchase
Common Stock
2019-03-28$3.33/sh+6,372$21,219→ 31,896 total - Purchase
Common Stock
2019-03-28$3.33/sh+18,976$63,190→ 98,095 total - Purchase
Common Stock
2019-03-28$3.33/sh+30,030$100,000→ 160,480 total(indirect: See Footnote)
Transactions
- Purchase
Common Stock
2019-03-28$3.33/sh+18,976$63,190→ 98,095 total - Purchase
Common Stock
2019-03-28$3.33/sh+30,030$100,000→ 160,480 total(indirect: See Footnote) - Purchase
Common Stock
2019-03-28$3.33/sh+6,372$21,219→ 31,896 total
WHITEBOX GENERAL PARTNER LLC
10% Owner
Transactions
- Purchase
Common Stock
2019-03-28$3.33/sh+18,976$63,190→ 98,095 total - Purchase
Common Stock
2019-03-28$3.33/sh+30,030$100,000→ 160,480 total(indirect: See Footnote) - Purchase
Common Stock
2019-03-28$3.33/sh+6,372$21,219→ 31,896 total
WHITEBOX ADVISORS LLC
Director10% Owner
Transactions
- Purchase
Common Stock
2019-03-28$3.33/sh+30,030$100,000→ 160,480 total(indirect: See Footnote) - Purchase
Common Stock
2019-03-28$3.33/sh+6,372$21,219→ 31,896 total - Purchase
Common Stock
2019-03-28$3.33/sh+18,976$63,190→ 98,095 total
Footnotes (5)
- [F1]These securities are directly beneficially owned by certain private investment funds, including Whitebox Multi-Strategy Partners, LP ("WMP") and Whitebox Credit Partners, LP ("WCP") (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 (the "Exchange Act").
- [F2]These securities are directly beneficially owned by WMP.
- [F3]These securities are directly beneficially owned by WCP and this Form 4 represents an exit filing for WCP as it now beneficially owns less than 10% of the outstanding Common Stock.
- [F4]These securities were acquired pursuant to a stock purchase agreement between SAExploration Holdings, Inc (the "Issuer") and WMP, WCP and a certain other Private Fund dated March 28, 2019 (the "Stock Purchase Agreement") with amounts received in lieu of Jacob Paul Mercer's compensation for his role as a director of the Issuer. The acquisition was approved by the Issuer's board of directors in accordance with Rule 16b-3(d)(1) of the Exchange Act.
- [F5]Pursuant to the Stock Purchase Agreement, this price represents the closing price of the Common Stock on March 27, 2019 with an additional $0.01 premium.
Documents
Issuer
SAExploration Holdings, Inc.
CIK 0001514732
Entity typeother
IncorporatedVirgin Islands, British
Related Parties
1- filerCIK 0001311165
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:22 PM ET
- Size
- 16.0 KB