4//SEC Filing
SAExploration Holdings, Inc. 4
Accession 0001514732-16-000320
CIK 0001514732operating
Filed
Dec 26, 7:00 PM ET
Accepted
Dec 27, 4:08 PM ET
Size
10.6 KB
Accession
0001514732-16-000320
Insider Transaction Report
Form 4
Hastings Jeff
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock
2016-12-22$8.04/sh−33,812$271,848→ 109,156 total(indirect: By LLC)
Holdings
- 24,221(indirect: By LLC)
Common Stock
- 830
Common Stock
- 88,252
Stock Option (Right to Buy)
Exercise: $10.19Exp: 2026-09-26→ Common Stock (88,252 underlying) - 88,252
Restricted Stock Units
Exp: 2019-09-26→ Common Stock (88,252 underlying)
Footnotes (8)
- [F1]Speculative Seismic Investments, LLC is a Texas limited liability company controlled by the Reporting Person.
- [F2]CLCH, LLC is an Alaska limited liability company controlled by the Reporting Person.
- [F3]The restricted stock units were issued pursuant to the SAExploration Holdings, Inc. (the "Company") 2016 Long Term Incentive Plan (the "LTIP") on September 26, 2016.
- [F4]Each restricted stock unit issued pursuant to the LTIP represents the right to receive, upon the applicable vesting date, either (i) a share of Common Stock of the Company or (ii) an amount of cash equal in value to the value of a share of the Company's Common Stock on the date of transfer.
- [F5]The restricted stock units will vest as follows: (i) 1/3 on the earliest to occur of certain events as defined in the LTIP; (ii) 1/3 on the second anniversary of the Closing Date, as defined in the LTIP; and (iii) the remaining 1/3 on the third anniversary of the Closing Date, as defined in the LTIP.
- [F6]The non-qualified stock options were issued pursuant to the Company's LTIP on September 26, 2016.
- [F7]The Exercise Price of the option is $10.19 per share, which is equal to the VWAP per common share for the 30-day period that ends on the Grant Date, all terms as defined in the LTIP.
- [F8]The stock option becomes exercisable as follows: (i) 1/3 of the Option on the earliest to occur of certain events as defined in the LTIP, (ii) 1/3 of the Option on the second anniversary of the Closing Date, as defined in the LTIP; and (iii) the remaining 1/3 of the Option on the third anniversary of the Closing Date, as defined in the LTIP.
Documents
Issuer
SAExploration Holdings, Inc.
CIK 0001514732
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001514732
Filing Metadata
- Form type
- 4
- Filed
- Dec 26, 7:00 PM ET
- Accepted
- Dec 27, 4:08 PM ET
- Size
- 10.6 KB