SEC Form 4 · accession 0001209191-16-148902
TRANSATLANTIC PETROLEUM LTD. · TAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Noah Malone Mitchell III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Nov 4, 2016
Accepted (ET)
Nov 8, 2016 · 5:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001092289
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible NoteF1,F3,F4,F2 | $0.00 | Nov 4, 2016 | D | 301,469 | D | — | Jul 1, 2017 | Common Shares | 301,469 | 0 | I |
| Series A Convertible Preferred SharesF1,F3,F4,F5 | $1.0928 | Nov 4, 2016 | A | 41,000 | A | — | Nov 4, 2024 | Common Shares | 1,875,915 | 41,000 | I |
| Series A Convertible Preferred SharesF6,F3,F4,F5 | $1.0928 | Nov 4, 2016 | A | 1,000 | A | — | Nov 4, 2024 | Common Shares | 45,754 | 42,000 | I |
Explanation of responses
- F1Dalea Partners, LP ("Dalea") disposed of $2.05 million of 13.0% Convertible Notes due 2017 (the "2017 Notes") in exchange for 41,000 shares of 12.0% Series A Convertible Redeemable Preferred Shares ("Series A Preferred") in an issuer exchange offer.
- F2The 2017 Notes were convertible at any time after July 1, 2015.
- F3The reporting person disclaims beneficial ownership of the securities covered by this statement except to the extent of his pecuniary interest therein, and the inclusion of the securities covered by this statement herein shall not be deemed an admission of beneficial ownership of the securities covered by this statement for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act"), or any other purpose.
- F4The reporting person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Act. The reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.
- F5The shares of Series A Preferred are convertible into common shares upon approval of listing of the common shares on the NYSE MKT and the Toronto Stock Exchange.
- F6Dalea acquired 1,000 of Series A Preferred Shares in a private placement directly from the issuer.