0001514732-15-000066.txt : 20150701
0001514732-15-000066.hdr.sgml : 20150701
20150701164152
ACCESSION NUMBER: 0001514732-15-000066
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150629
FILED AS OF DATE: 20150701
DATE AS OF CHANGE: 20150701
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SAExploration Holdings, Inc.
CENTRAL INDEX KEY: 0001514732
STANDARD INDUSTRIAL CLASSIFICATION: OIL AND GAS FIELD EXPLORATION SERVICES [1382]
IRS NUMBER: 274867100
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1160 DAIRY ASHFORD RD.
STREET 2: SUITE 160
CITY: HOUSTON
STATE: TX
ZIP: 77079
BUSINESS PHONE: 281-258-4400
MAIL ADDRESS:
STREET 1: 1160 DAIRY ASHFORD RD.
STREET 2: SUITE 160
CITY: HOUSTON
STATE: TX
ZIP: 77079
FORMER COMPANY:
FORMER CONFORMED NAME: Trio Merger Corp.
DATE OF NAME CHANGE: 20110307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gerber Trisha
CENTRAL INDEX KEY: 0001638864
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35471
FILM NUMBER: 15965666
MAIL ADDRESS:
STREET 1: 1160 DAIRY ASHFORD RD.
STREET 2: SUITE 160
CITY: HOUSTON
STATE: TX
ZIP: 77079
4
1
wf-form4_143578330052857.xml
FORM 4
X0306
4
2015-06-29
0
0001514732
SAExploration Holdings, Inc.
SAEX
0001638864
Gerber Trisha
1160 DAIRY ASHFORD RD.
SUITE 160
HOUSTON
TX
77079
0
1
0
0
Chief Accounting Officer
Restricted Stock Units
2015-06-29
4
A
0
4905
0
A
2017-06-29
Common Stock
4905.0
4905
D
Stock Option (Right to Buy)
4.12
2015-06-29
4
A
0
10063
4.12
A
2025-06-29
Common Stock
10063.0
10063
D
The restricted stock units were issued pursuant to the SAExploration Holdings, Inc. (the "Company") 2013 Long Term Incentive Plan (the "Plan") on June 29, 2015.
Each restricted stock unit represents the right to receive, upon vesting, either (i) a share of Common Stock of the Company or (ii) an amount of cash equal to the value of a share of the Company'sCommon Stock on the date of transfer.
The restricted stock units will vest 1/3 on the date which is 90 days after the issuance and 1/3 each on the first and second anniversaries of the grant.
The number of shares of restricted stock units issued was determined based on $4.12 per share, which is the greater of $4.12 and the $3.40 closing price of the Company's common stock on June 29, 2015.
The stock options were issued pursuant to the Company's Plan on June 29, 2015.
The stock option becomes exercisable as follows: (i) 1/3 of the Option becomes exercisable after 90 days of continuous "Service" (as defined in the Plan) from the date of the grant; (ii) 1/3 of the Option becomes exercisable after 12 months of continuous Service from the Date of Grant; and (iii) the remaining 1/3 of the Option becomes exercisable after 24 months of continuous Service from the date of the grant.
The exercise price of the option is $4.12 per share, which is the greater of $4.12 and the $3.40 closing price of the Company's common stock on June 29, 2015.
/s/ Trisha Gerber
2015-07-01