0001514732-16-000286.txt : 20160928
0001514732-16-000286.hdr.sgml : 20160928
20160928164114
ACCESSION NUMBER: 0001514732-16-000286
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160926
FILED AS OF DATE: 20160928
DATE AS OF CHANGE: 20160928
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: Hastings Jeff
CENTRAL INDEX KEY: 0001580993
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35471
FILM NUMBER: 161907363
MAIL ADDRESS:
STREET 1: 3333 8TH STREET SE
STREET 2: 3RD FLOOR
CITY: CALGARY
STATE: A0
ZIP: T2G 3A4
4
1
wf-form4_147509525131891.xml
FORM 4
X0306
4
2016-09-26
0
0001514732
SAExploration Holdings, Inc.
SAEX
0001580993
Hastings Jeff
3333 8TH STREET SE
3RD FLOOR
CALGARY
A0
T2G 3A4
ALBERTA, CANADA
1
1
0
0
Chairman and CEO
Common Stock
830
D
Common Stock
24221
I
Through dispositive and voting control of CLCH, LLC
Common Stock
142968
I
Through dispositive and voting control of Speculative Seismic Investments, LLC
Restricted Stock Units
2016-09-26
4
A
0
88252
0
A
2019-09-26
Common Stock
88252.0
88252
D
Stock Option (Right to Buy)
10.19
2016-09-26
4
A
0
88252
A
2026-09-26
Common Stock
88252.0
88252
D
CLCH, LLC is an Alaska limited liability company controlled by the Reporting Person.
Speculative Seismic Investments, LLC is a Texas limited liability company controlled by the Reporting Person.
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 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.
/s/ Jeffrey Hastings
2016-09-28