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Filing Details

Accession Number:: 0000899243-19-029248
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-12-16 16:17:02
Reporting Period:: 2019-12-12

Accepted Time:: 2019-12-16 16:17:02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1092289	Transatlantic Petroleum Ltd.	TAT	Oil & Gas Field Exploration Services (1382)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1337431	Brett Hendrickson	2305 Cedar Springs Rd., Suite 420 Dallas TX 75201		No	No	Yes	No
1541055	Nokomis Capital, L.l.c.	2305 Cedar Springs Rd., Suite 420 Dallas TX 75201		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares, Par Value $0.10 Per Share	Disposition	2019-12-12	7,363,053	$0.00	0	No	4	S	Indirect	See Footnotes

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares, Par Value $0.10	12% Series A Convertible Redeemable Preferred Shares	Disposition	2019-12-12	326,000	$0.00	14,915,804	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2016-11-04		No	4	S	Indirect

Footnotes

On December 12, 2019, a private investment fund (the "Nokomis Account") advised by Nokomis Capital, L.L.C. ("Nokomis Capital") entered into a Stock Purchase Agreement with an unaffiliated third party (the "Purchaser") pursuant to which the Nokomis Account agreed to sell to the Purchaser 326,000 shares of TransAtlantic Petroleum, Ltd.'s (the "Issuer") 12.0% Series A Convertible Redeemable Preferred Shares ("Preferred Shares") and 7,363,053 Common Shares, par value $0.10 per share ("Common Shares") of the Issuer for total consideration of $20,640,835.90 in cash, comprised of $17,871,591.67 for the Preferred Shares and $2,769,244.23 for the Common Shares. The filing of this Form 4 shall not be construed as an admission that Nokomis Capital or Brett Hendrickson, the manager of Nokomis Capital, was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Shares or Preferred Shares of the Issuer held by the
(continued from footnote 1) Nokomis Account. Pursuant to Rule 16a-1, both Nokomis Capital and Mr. Hendrickson disclaim such beneficial ownership.
Nokomis Capital may have been deemed to have indirectly beneficially owned the Common Shares and Preferred Shares of the Issuer that were held by the Nokomis Account, for which Nokomis Capital is the Investment Manager. Brett Hendrickson reports the Common Shares and Preferred Shares that were held by the Nokomis Account because, as the manager of Nokomis Capital, he controlled the disposition and voting of such securities.
This amount includes 821,748 Common Shares received as a dividend on June 28, 2019, and 943,015 Common Shares received as a dividend on September 30, 2019.
The Preferred Shares have no expiration date.
The Preferred Shares that were beneficially owned by the Reporting Persons were not currently convertible into Common Shares due to certain blocker provisions contained in the governing documents for such Preferred Shares. If such Preferred Shares were convertible, each Preferred Share would be convertible at the option of the holder into 45.7543 Common Shares.