4//SEC Filing
Hastings Jeff 4
Accession 0001514732-17-000065
CIK 0001514732other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 8:54 AM ET
Size
14.7 KB
Accession
0001514732-17-000065
Insider Transaction Report
Form 4
Hastings Jeff
DirectorExecutive Chairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2017-07-27+29,418→ 30,248 total - Tax Payment
Common Stock
2017-07-27$2.98/sh−8,046$23,977→ 22,202 total - Exercise/Conversion
Restricted Stock Units
2017-07-27−29,418→ 58,834 total→ Common Stock (29,418 underlying) - Other
Common Stock
2017-07-27−82,156→ 27,000 total(indirect: By LLC)
Holdings
- 24,221(indirect: By LLC)
Common Stock
- 88,252
Stock Option (Right to Buy)
Exercise: $10.19Exp: 2026-09-26→ Common Stock (88,252 underlying)
Footnotes (10)
- [F1]The restricted stock units were issued pursuant to the SAExploration Holdings, Inc. (the "Company") 2016 Long Term Incentive Plan on September 26, 2016. The 2016 Long Term Incentive Plan was amended and restated effective as of May 30, 2017 (as amended, the "LTIP"). 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. The Reporting Person elected to receive shares of Common Stock of the Company in lieu of an amount of cash equal to the value of such Common Stock of the Company.
- [F10]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.
- [F2]Amount includes (a) 830 shares previously directly owned by Reporting Person, and (b) 8,046 shares to be withheld to cover tax obligations incident to the vesting of the Common Stock.
- [F3]Amount includes 830 shares previously directly owned by Reporting Person. The aggregate amount of securities beneficially owned by the Reporting Person is the amount in this Note 3 plus the amounts indirectly owned through Speculative Seismic Investments, LLC and CLCH, LLC as set forth in Notes 4 and 5, respectively, below.
- [F4]Distribution by Speculative Seismic Investments, LLC, a Texas limited liability company controlled by the Reporting Member, to its non-managing members.
- [F5]Speculative Seismic Investments, LLC is a Texas limited liability company controlled by the Reporting Member.
- [F6]CLCH, LLC is an Alaska limited liability company controlled by the Reporting Member.
- [F7]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.
- [F8]The non-qualified stock options were issued pursuant to the Company's LTIP on September 26, 2016.
- [F9]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 Company's LTIP.
Documents
Issuer
SAExploration Holdings, Inc.
CIK 0001514732
Entity typeother
Related Parties
1- filerCIK 0001580993
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 8:54 AM ET
- Size
- 14.7 KB