Filing Details

Accession Number:
0001514732-16-000320
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-12-27 16:08:52
Reporting Period:
2016-12-22
Filing Date:
2016-12-27
Accepted Time:
2016-12-27 16:08:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1514732 Saexploration Holdings Inc. SAEX Oil & Gas Field Exploration Services (1382) 274867100
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1580993 Jeff Hastings 3333 8Th Street Se
3Rd Floor
Calgary A0 T2G 3A4
Chairman And Ceo Yes Yes No 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 Stock Disposition 2016-12-22 33,812 $8.04 109,156 No 4 S Indirect Through dispositive and voting control of Speculative Seismic Investments, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Through dispositive and voting control of Speculative Seismic Investments, LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 830 Direct
Common Stock 24,221 Indirect Through dispositive and voting control of CLCH, LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 2019-09-26 88,252 88,252 Direct
Common Stock Stock Option (Right to Buy) $10.19 2026-09-26 88,252 88,252 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-09-26 88,252 88,252 Direct
2026-09-26 88,252 88,252 Direct
Footnotes
  1. Speculative Seismic Investments, LLC is a Texas limited liability company controlled by the Reporting Person.
  2. CLCH, LLC is an Alaska limited liability company controlled by the Reporting Person.
  3. 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.
  4. 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.
  5. 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.
  6. The non-qualified stock options were issued pursuant to the Company's LTIP on September 26, 2016.
  7. 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.
  8. 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.