4//SEC Filing
Hastings Jeff 4
Accession 0001209191-19-024280
CIK 0001514732other
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 5:13 PM ET
Size
14.4 KB
Accession
0001209191-19-024280
Insider Transaction Report
Form 4
Hastings Jeff
DirectorExecutive Chairman10% Owner
Transactions
- Award
Restricted Stock Unit
2019-03-29+157,760→ 468,628 total→ Common Stock (157,760 underlying) - Award
Restricted Stock Unit
2019-03-29+63,595→ 310,868 total→ Common Stock (63,595 underlying)
Holdings
- 56,658
Common Stock
- 1,201(indirect: By LLC)
Common Stock
- 247,273
6% Senior Secured Convertible Notes due 2023
From: 2018-09-26Exp: 2023-09-22→ Common Stock (173,913 underlying) - 1,350(indirect: By LLC)
Common Stock
- 73,360
Restricted Stock Unit
→ Common Stock
Footnotes (6)
- [F1]Adjusted to reflect the one-for-twenty reverse stock split that occurred on September 14, 2018.
- [F2]Speculative Seismic Investments, LLC is a Texas limited liability company controlled by the Reporting Person.
- [F3]CLCH, LLC is an Alaska limited liability company controlled by the Reporting Person.
- [F4]The reporting person purchased $1,000,000 principal amount of the 6.00% Senior Secured Convertible Notes due 2023 (the "2023 Notes") issued by SAExploration Holdings, Inc. (the "Company) on September 26, 2018. The 2023 Notes are convertible into shares of the Company's common stock at an initial rate of 173.91304 shares of common stock per $1,000 principal amount of 2023 Notes. The rate of conversion is subject to adjustments customary for securities of this type. The reporting person may convert at any time from the date of issuance to the close of business on the second business day immediately preceding the maturity of September 26, 2013; however, conversion of the 2023 Notes is subject to the Company's right to select settle its conversion obligation in cash or in shares of common stock.
- [F5]Restricted stock units ("RSUs") were issued pursuant to the Company's Amended and Restated 2018 Long-Term Incentive Plan (the "Plan") as a long-term incentive award based on 2018 performance. These RSUs vest on September 29, 2020 and will convert into shares of common stock on a one for one bases.
- [F6]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.
Documents
Issuer
SAExploration Holdings, Inc.
CIK 0001514732
Entity typeother
Related Parties
1- filerCIK 0001580993
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 5:13 PM ET
- Size
- 14.4 KB