4//SEC Filing
Whiteley Brent 4
Accession 0001514732-17-000073
CIK 0001514732other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 9:07 AM ET
Size
13.3 KB
Accession
0001514732-17-000073
Insider Transaction Report
Form 4
Whiteley Brent
DirectorCFO, Gen. Counsel, SecretaryOther
Transactions
- Tax Payment
Common Stock
2017-07-27$2.98/sh−6,390$19,042→ 19,198 total - Other
Common Stock
2017-07-27+40,156→ 40,156 total - Exercise/Conversion
Common Stock
2017-07-27+23,361→ 25,588 total - Exercise/Conversion
Restricted Stock Units
2017-07-27−23,361→ 46,721 total→ Common Stock (23,361 underlying)
Holdings
- 70,082
Stock Option (Right to Buy)
Exercise: $10.19Exp: 2026-09-26→ Common Stock (70,082 underlying)
Footnotes (9)
- [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.
- [F2]Amount includes (a) 2,227 shares previously owned by Reporting Person, and (b) 6,390 shares to be withheld to cover tax obligations incident to the vesting of the Common Stock.
- [F3]Amount includes 2,227 shares previously owned by Reporting Person.
- [F4]Distribution from Speculative Seismic Investments, LLC, of which the Reporting Person is a non-managing member.
- [F5]The aggregate amount of securities beneficially owned by Reporting Person is the amount in Note 3 plus the amount in this Note 5.
- [F6]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.
- [F7]The non-qualified stock options were issued pursuant to the Company's LTIP on September 26, 2016.
- [F8]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.
- [F9]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 typeother
Related Parties
1- filerCIK 0001580789
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 9:07 AM ET
- Size
- 13.3 KB