SEC Form 4 · accession 0001651880-16-000015
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
Jan 18, 2016
Accepted (ET)
Jun 14, 2016 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001092289
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Jun 12, 2016 | M | 7,685 | — | A | 335,150 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jun 12, 2016 | M | 7,685 | D | — | — | Common Shares | 7,685 | 0 | D |
| Convertible NoteF3,F5,F6,F4 | $6.80 | Jan 18, 2016 | A | 50,000 | A | — | Jul 1, 2017 | Common Shares | 7,352 | 301,469 | I |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of TransAtlantic Petroleum Ltd. common stock.
- F2The restricted stock units vested in full on June 12, 2016.
- F3Dalea Partners, LP, an entity controlled by Mr. Mitchell, purchased $50,000 in convertible promissory notes from a third party noteholder on January 18, 2016. The convertible notes are convertible into shares of the Issuer's common shares, par value of $0.10 per share.
- F4The convertible notes are exercisable at any time after July 1, 2015.
- F5The 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.
- F6The 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.