0001514732-16-000229.txt : 20160726
0001514732-16-000229.hdr.sgml : 20160726
20160726173739
ACCESSION NUMBER: 0001514732-16-000229
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160722
FILED AS OF DATE: 20160726
DATE AS OF CHANGE: 20160726
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: Scott Mike
CENTRAL INDEX KEY: 0001580855
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35471
FILM NUMBER: 161785198
MAIL ADDRESS:
STREET 1: 3333 8TH STREET SE
STREET 2: 3RD FLOOR
CITY: CALGARY
STATE: A0
ZIP: T2G 3A4
4
1
wf-form4_146956904629982.xml
FORM 4
X0306
4
2016-07-22
0
0001514732
SAExploration Holdings, Inc.
SAEX
0001580855
Scott Mike
3333 8TH STREET SE
3RD FLOOR
CALGARY
A0
T2G 3A4
ALBERTA, CANADA
0
1
0
0
EVP - Operations
Common Stock
2016-07-22
4
M
0
3248
A
51893
D
Common Stock
2016-07-22
4
F
0
1170
0.20
D
50723
D
Common Stock
2016-07-22
4
M
0
952
0.196
A
51675
D
Restricted Stock Units
2016-07-22
4
M
0
3248
D
2017-06-29
Common Stock
3248.0
0
D
Stock Option (Right to Buy)
4.12
2016-07-22
4
M
0
19989
0
D
2025-06-29
Common Stock
952.0
0
D
The shares were issued pursuant to the SAExploration Holdings, Inc. 2013 Long-Term Incentive Plan (the "Plan") on July 22, 2016. Pursuant to the terms of the Restructuring Support Agreement, dated as of June 13, 2016, among SAExploration Holdings, Inc., the members of management identified therein and the supporting holders identified therein, all issued equity compensation shall vest and convert into common shares immediately prior to the Closing Date and be treated as existing equity subject to dilution pursuant to the Term Sheet (all terms as defined therein).
Each restricted stock unit issued pursuant to the Plan 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's Common Stock on the date of transfer. This transaction represents the settlement of restricted stock units in shares of common stock on their accelerated vesting date.
Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units. No shares were sold.
Market price at end of market on the exercise date.
Pursuant to the terms of the Restructuring Support Agreement, dated as of June 13, 2016, among SAExploration Holdings, Inc., the members of management identified therein and the supporting holders identified therein, all issued equity compensation shall vest and convert into common shares immediately prior to the Closing Date and be treated as existing equity subject to dilution pursuant to the Term Sheet (all terms as defined therein).
/s/ Mike Scott
2016-07-26