Abney Ryan 4
4 · SAExploration Holdings, Inc. · Filed Apr 11, 2018
Insider Transaction Report
Form 4
Abney Ryan
VP - Capital Markets & IR
Transactions
- Award
Restricted Stock Units
2018-04-09+517,840→ 517,840 total→ Common Stock (517,840 underlying)
Footnotes (2)
- [F1]The Restricted Stock Units were issued pursuant to the SAExploration Holdings, Inc. (the "Company") 2018 Long Term Incentive Plan (the "2018 Plan") on April 9, 2018. The 2018 Plan became effective March 5, 2018. Restricted Stock Units will generally be settled in shares of Common Stock. However, the Compensation Committee will have discretion to pay Restricted Stock Units, upon settlement, in cash, shares of Common Stock, or a combination thereof.
- [F2]The Restricted Stock Units will vest as follows: (i) 25% on the 18-month anniversary of the consummation of the Restructuring, or July 29, 2019; (ii) 25% on the second anniversary of the consummation of the Restructuring, or January 29, 2020; and (iii) the remaining 50% on the third anniversary of the consummation of the Restructuring, or January 29, 2021.