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Filing Details

Accession Number:: 0000919574-19-002668
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-04-01 16:22:58
Reporting Period:: 2019-03-28

Accepted Time:: 2019-04-01 16:22:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1514732	Saexploration Holdings Inc.	SAEX	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1257391	Whitebox Advisors Llc	3033 Excelsior Boulevard, Suite 300 Minneapolis MN 55416	No	No	Yes	No
1311165	Whitebox Credit Partners, L.p.	Estera Corporate Services (Bvi) Ltd. Jayla Place, Wickhams Cay 1, Box 3190 Road Town, Tortola D8 VG1110	No	No	Yes	No
1452149	Whitebox Multi-Strategy Partners Lp	Estera Corporate Services (Bvi) Ltd. Jayla Place, Wickhams Cay 1, Box 3190 Road Town, Tortola D8 VG1110	No	No	Yes	No
1650272	Whitebox General Partner Llc	3033 Excelsior Bouelvard, Suite 300 Minneapolis MN 55416	No	No	Yes	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	Acquisiton	2019-03-28	30,030	$3.33	160,480	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2019-03-28	18,976	$3.33	98,095	No	4	P	Direct
Common Stock	Acquisiton	2019-03-28	6,372	$3.33	31,896	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Direct
No	4	P	Direct

Footnotes

These securities are directly beneficially owned by certain private investment funds, including Whitebox Multi-Strategy Partners, LP ("WMP") and Whitebox Credit Partners, LP ("WCP") (together, the "Private Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC by virtue of its role as the investment manager of the Private Funds, and (b) Whitebox General Partner LLC by virtue of its role as the general partner of the Private Funds. Each of the Private Funds, Whitebox Advisors LLC and Whitebox General Partner LLC disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
These securities are directly beneficially owned by WMP.
These securities are directly beneficially owned by WCP and this Form 4 represents an exit filing for WCP as it now beneficially owns less than 10% of the outstanding Common Stock.
These securities were acquired pursuant to a stock purchase agreement between SAExploration Holdings, Inc (the "Issuer") and WMP, WCP and a certain other Private Fund dated March 28, 2019 (the "Stock Purchase Agreement") with amounts received in lieu of Jacob Paul Mercer's compensation for his role as a director of the Issuer. The acquisition was approved by the Issuer's board of directors in accordance with Rule 16b-3(d)(1) of the Exchange Act.
Pursuant to the Stock Purchase Agreement, this price represents the closing price of the Common Stock on March 27, 2019 with an additional $0.01 premium.