SABA PETROLEUM CO 4

4 · SABA PETROLEUM CO · Filed Feb 1, 1999

Form 4

Period: 1998-11-30

10% Owner

Transactions

Purchase
Common Stock, $.001 par value
[1]
1998-11-06$3.00/sh+333,333$999,999→ 413,333 total
Purchase
Option to Acquire Common Stock [3]
1998-11-30−68,200→ 568,200 total
Exercise: $2.04→ Common Stock, $.001 (68,200 underlying)
Exercise Out-of-Money
Contract to Acquire Common Stock from Saba Petroleum Company
[4]
1998-11-06→ 2,166,667 total
Exercise: $3.00→ Common Stock, $.001 par value (333,333 underlying)
Purchase
Contract to Acquire Common Stock [5]
1998-11-23−2,971,766→ 2,971,766 total
→ Common Stock, $.001 (2,971,766 underlying)

Holdings

Footnotes (5)

[1]On November 6, 1998, 333,333 shares of Saba Common Stock were acquired pursuant to the previously reported Contract to Acquire Common Stock from Saba Petroleum Company entered into on October 8, 1998.
[2]Right to Buy 6,309 shares of Saba Series A Convertible Preferred Stock held by RGC International Investors LDC. This right expired on December 6, 1998.
[3]Right to Buy Saba Common Stock held by International Publishing s.a. ("IPH"). During November 1998 IPH acquired 68,000 additional shares of Saba Common Stock which became subject to this Option.
[4]On November 6, 1998, 333,333 shares of Saba Common Stock were acquired pursuant to the previously reported Contract to Acquire Common Stock from Saba Petroleum Company entered into on October 8, 1998.
[5]Right to Buy Saba Common Stock held by Saba Acquisub, Inc. in exchange for the issuance to the shareholders of Saba Acquisub, Inc. of 1,340,000 shares of Horizontal Ventures, Inc. common stock. Saba Acquisub, Inc. is controlled by Ilyas Chaudhary, a former officer and director of Saba.

Documents

1 file