Beatty Brian A 4
4 · SAExploration Holdings, Inc. · Filed Apr 16, 2019
Insider Transaction Report
Form 4
Beatty Brian A
DirectorCEO and PresidentOther
Transactions
- Exercise/Conversion
Common Stock
2019-04-12+78,880→ 123,891 total - Exercise/Conversion
Restricted Stock Unit
2019-04-12−78,880→ 215,835 total→ Common Stock (78,880 underlying) - Tax Payment
Common Stock
2019-04-12$3.80/sh−37,863$143,879→ 86,028 total
Footnotes (2)
- [F1]Restricted stock units ("RSUs") convert into shares of common stock on a one-for-one basis.
- [F2]These RSUs were issued pursuant to the 2018 Amended and Restated Long-Term Incentive 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. These RSU's represent the 50% that vested on April 12, 2019.