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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1368519	North American Energy Partners Inc.	NOA.CN	()	A6

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1326389	Polar Asset Management Partners Inc.	401 Bay Street, Suite 1900, Po Box 19 Toronto A6 M5H 2Y4		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Disposition	2016-05-17	513,300	$3.39	2,719,757	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote

Footnotes

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.39 to $3.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth herein.
Polar Asset Management Partners Inc. ("PAMP") serves as investment manager to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("MSF") and has sole voting and investment discretion with respect to the securities reported herein which are held by MSF. PAMP disclaims beneficial ownership of the securities reported herein, and this report shall not be deemed an admission that PAMP is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose, except to the extent of PAMP's pecuniary interest therein.