4//SEC Filing
GMT Exploration Co LLC 4
Accession 0001106191-20-000001
CIK 0001273441other
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 3:27 PM ET
Size
14.8 KB
Accession
0001106191-20-000001
Insider Transaction Report
Form 4
BAY RESOURCE PARTNERS LP
10% Owner
Transactions
- Other
COMMON STOCK
2020-01-09$1.28/sh−750,610$960,781→ 80,405,476 total
GMT Exploration Co LLC
10% Owner
Transactions
- Other
COMMON STOCK
2020-01-09$1.28/sh−750,610$960,781→ 80,405,476 total
GMT CAPITAL CORP
10% Owner
Transactions
- Other
COMMON STOCK
2020-01-09$1.28/sh−750,610$960,781→ 80,405,476 total
CLAUGUS THOMAS E
10% Owner
Transactions
- Other
COMMON STOCK
2020-01-09$1.28/sh−750,610$960,781→ 80,405,476 total
BAY II RESOURCE PARTNERS LP
10% Owner
Transactions
- Other
COMMON STOCK
2020-01-09$1.28/sh−750,610$960,781→ 80,405,476 total
Transactions
- Other
COMMON STOCK
2020-01-09$1.28/sh−750,610$960,781→ 80,405,476 total
Footnotes (4)
- [F1]This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.
- [F2]GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.
- [F3]On January 9, 2020, GMT received an in kind distribution of its pro rata portion of Gran Tierra Energy, Inc. (Gran Tierra) in connection with the termination of a sub-advisory relationship between GMT and the managed account by the managed account's primary investment advisor. The net result was that GMT's beneficial ownership of Gran Tierra decreased by 750,610 shares, as GMT no longer may be deemed to beneficially own an indirect pecuniary interest in the totality of the shares owned by the managed account. This change in beneficial ownership was not the result of a sale of shares. This transaction resulted in an aggregate number of shares owned by the Reporting Persons of 80,405,476. Such shares were beneficially owned by the Reporting Persons in the following amounts: Bay = 23,115,390 shares; Bay II = 19,161,030 shares; Offshore Fund = 33,330,656 shares; GMT Capital = 147,000 shares; Claugus = 3,124,500 shares; GMT Exploration = 1,526,900 shares.
- [F4]There was no price for this transaction as it was not an open market transaction. There was no exchange of money. The price listed is the price as of the close of trading on January 9, 2020.
Documents
Issuer
GRAN TIERRA ENERGY INC.
CIK 0001273441
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001396794
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 3:27 PM ET
- Size
- 14.8 KB