SEC Form 4 · accession 0001568303-17-000002
TRANSATLANTIC PETROLEUM LTD. · TAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 4:48 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 NoteF8,F9,F2,F1 | — | Jan 3, 2017 | D | — | D | — | Jul 1, 2017 | Common Shares | 33,088 | 77,205 | I |
| Convertible NoteF10,F3,F1 | — | Jan 3, 2017 | D | — | D | — | Jul 1, 2017 | Common Shares | 26,470 | 61,764 | I |
| Convertible NoteF11,F4,F1 | — | Jan 3, 2017 | D | — | D | — | Jul 1, 2017 | Common Shares | 22,058 | 51,470 | I |
| Convertible NoteF12,F5,F1 | — | Jan 3, 2017 | D | — | D | — | Jul 1, 2017 | Common Shares | 33,088 | 77,205 | I |
| Convertible NoteF13,F6,F1 | — | Jan 3, 2017 | D | — | D | — | Jul 1, 2017 | Common Shares | 26,470 | 61,764 | I |
| Convertible NoteF14,F7,F1 | — | Jan 3, 2017 | D | — | D | — | Jul 1, 2017 | Common Shares | 22,058 | 51,470 | I |
Explanation of responses
- F1The 13.0% Convertible Notes are convertible into shares of the Issuer's Common Shares at any time after July 01, 2015 at a conversion price of $6.80 per Common Share.
- F10On January 3, 2017, the Issuer partially redeemed $180,000 of the holder's 13% Convertible Note.
- F11On January 3, 2017, the Issuer partially redeemed $150,000 of the holder's 13% Convertible Note.
- F12On January 3, 2017, the Issuer partially redeemed $225,000 of the holder's 13% Convertible Note.
- F13On January 3, 2017, the Issuer partially redeemed $180,000 of the holder's 13% Convertible Note.
- F14On January 3, 2017, the Issuer partially redeemed $150,000 of the holder's 13% Convertible Note.
- F2The 13.0% Convertible Note is in the principal amount of $525,000 and held by Gary West CRT1, LLC, an entity owned by a trust of which Gary West is a beneficiary.
- F3The 13.0% Convertible Note is in the principal amount of $420,000 and held by Gary West CRT2, LLC, an entity owned by a trust of which Gary West is a beneficiary.
- F4The 13.0% Convertible Note is in the principal amount of $350,000 and held by Gary West CRT3, LLC, an entity owned by a trust of which Gary West is a beneficiary.
- F5The 13.0% Convertible Note is in the principal amount of $525,000 and held by Mary West CRT1, LLC, an entity owned by a trust of which Gary West is a beneficiary.
- F6The 13.0% Convertible Note is in the principal amount of $420,000 and held by Mary West CRT2, LLC, an entity owned by a trust of which Mary West is a beneficiary.
- F7The 13.0% Convertible Note is in the principal amount of $350,000 and held by Mary West CRT3, LLC, an entity owned by a trust of which Mary West is a beneficiary.
- F8This statement is filed jointly on behalf of West Family Investments, Inc. (the Adviser), West Investment Holdings, LLC (WIH), Gary West and Mary West (collectively, the reporting persons). The Adviser is an investment adviser exempt from registration pursuant to 17 C.F.R. Section 275.202(a)(11)(G)-1. Pursuant to Rule 16a-1 and Instruction 5 of the Form 3, the Adviser does not beneficially own any securities listed on the Form 3 or Form 4. However, the Adviser maintains complete investment and voting power and authority with respect to all of the shares under management arrangements entered into by and between the Adviser and the direct owners of the shares (as indicated in the footnotes of the Form 3 and Form 4). WIH is a beneficial owner of greater than 10% of the Common Shares of the Issuer. The reporting persons disclaim beneficial ownership of all of the securities reported in Table II except to the extent of any pecuniary interest therein.
- F9On January 3, 2017, the Issuer partially redeemed $225,000 of the holder's 13% Convertible Note.