4//SEC Filing
PIERCE ADAM 4
Accession 0001104659-18-039690
CIK 0001443799other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 8:46 PM ET
Size
7.6 KB
Accession
0001104659-18-039690
Insider Transaction Report
Form 4
PIERCE ADAM
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-06-12−11,214→ 0 total→ Common Stock (11,214 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of GNRT common stock, or in the sole discretion of GNRT's Compensation Committee, the cash value of a share of GNRT common stock on the date that the restricted stock unit vests.
- [F2]Euronav NV, ("Euronav"), Euronav MI Inc., a direct wholly-owned subsidiary of Euronav ("Merger Sub"), and GNRT are parties to the Agreement and Plan of Merger, dated as of December 20, 2017 (the "Merger Agreement"), pursuant to which Merger Sub merged with and into GNRT with GNRT as the surviving company and a wholly owned subsidiary of Euronav ("Surviving Corporation"). Pursuant to the Merger Agreement, each restricted stock unit of GNRT became fully vested and was terminated and canceled in exchange for the right to receive 0.7272 of a Euronav ordinary share in the following manner: (i) each GNRT restricted stock unit was converted into one share of common stock, par value $0.01 per share, of the Surviving Corporation and (ii) each such share of the Surviving Corporation was contributed to Euronav in exchange for 0.7272 of a Euronav ordinary share, such ordinary shares of Euronav having a market value of $9.20 per share on the effective date of the merger.
- [F3]The reporting person is a Managing Director of Oaktree Capital Management, L.P. ("OCM LP"), a registered investment adviser under the Investment Advisers Act of 1940, as amended, and a director of GNRT. Pursuant to the policies of OCM LP, Mr. Pierce must hold the securities on behalf of and for the benefit of OCM FIE, LLC ("FIE") and is assigning all economic, pecuniary and voting rights to FIE. The reporting person disclaims beneficial ownership of these securities, and the filing of this Form 4 shall not be construed as an admission that such person is the beneficial owner of any securities covered by this Form 4, except to the extent of any indirect pecuniary interest therein.
Documents
Issuer
Euronav MI II Inc.
CIK 0001443799
Entity typeother
Related Parties
1- filerCIK 0001427034
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 8:46 PM ET
- Size
- 7.6 KB