Home > Insider Trading > Filing (0001514732-17-000003)

Filing Details

Accession Number:: 0001514732-17-000003
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-01-03 16:31:03
Reporting Period:: 2016-12-30

Filing Date:: 2017-01-03
Accepted Time:: 2017-01-03 16:31:03
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
1581400	A Brian Beatty	3333 8Th Street Se, 3Rd Floor Calgary A0 T2G 3A4	Coo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2016-12-30	8,865	$7.27	0	No	4	S	Indirect	Through dispositive and voting control of Seismic Management Holdings, Inc.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Through dispositive and voting control of Seismic Management Holdings, Inc.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	197	Direct

Reported Derivative Holdings

Show Other Fields >>

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

Seismic Management Holdings, Inc. ("Seismic Holdings") is a corporation formed under the laws of the Province of Alberta, Canada, and is wholly owned by Seismic Management, LLP, which is an Alaska limited liability partnership controlled by the Reporting Person and his wife, Sheri L. Beatty.
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.
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 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.
The non-qualified stock options were issued pursuant to the Company's LTIP on September 26, 2016.
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.
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.