SEC Form 4 · accession 0001568303-19-000001
TRANSATLANTIC PETROLEUM LTD. · TAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF3,F2 | Dec 31, 2018 | J | 196,309 | $1.0188 | A | 1,207,516 | I | See Footnote 2 |
Table II — derivative securities
Explanation of responses
- F1Transatlantic Petroleum Ltd. elected to pay quarterly dividends on its 12.0% Series A Convertible Redeemable Preferred Shares ("Series A Preferred Shares") in its Common Shares, par value $0.10 per share, as permitted by the certificate of designation for the Series A Preferred Shares. West Investment Holdings, LLC ("WIH") owns 100,000 Series A Preferred Shares.
- F2The Common Shares are owned by WIH, an entity owned by West Family Holdings, LLC, an entity that is owned by trusts of which Gary West and Mary West are beneficiaries.
- F3The Common Shares were issued at a price of $1.0188 per share, which was equal to the 15-day volume weighted average price ("VWAP") through the close of trading of the Common Shares on the NYSE American (or NYSE MKT) on December 14, 2018 (the trading day prior to the record date for such December 31, 2018 dividend).
Remarks
This statement is filed jointly on behalf of West Family Investments, Inc. (the Adviser), 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 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. 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 I except to the extent of any pecuniary interest therein.