Beatty Brian A 4
4 · SAExploration Holdings, Inc. · Filed Apr 10, 2019
Insider Transaction Report
Form 4
Beatty Brian A
DirectorCEO and PresidentOther
Transactions
- Award
Restricted Stock Unit
2019-03-29+63,595→ 136,955 total→ Common Stock (63,595 underlying) - Award
Restricted Stock Unit
2019-03-29+157,760→ 294,715 total→ Common Stock (157,760 underlying)
Holdings
- 45,011
Common Stock
- 73,360
Restricted Stock Unit
→ Common Stock
Footnotes (3)
- [F1]Adjusted to reflect the one-for-twenty reverse stock split that occurred on September 14, 2018.
- [F2]Restricted stock units ("RSUs") were issued pursuant to the SAExploration Holdings, Inc. (the "Company") Amended and Restated 2018 Long-Term Incentive Plan (the "Plan") as a long-term incentive award based on 2018 performance. The RSUs vest on September 29, 2020 and convert into shares of common stock on a one-for-one basis.
- [F3]These RSUs were issued pursuant to the Plan as additional management incentive plan ("MIP") awards due under the terms of the employment agreement between the Company and the reporting person (the "True-Up MIP Awards"). These True-Up MIP Awards vest 50% on April 12, 2019 and 50% on January 29, 2021 and will convert into shares of common stock on a one for one basis.