SEC Form 4 · accession 0001651880-16-000016
TRANSATLANTIC PETROLEUM LTD. · TAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Noah Malone Mitchell III
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 4:49 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,F2,F4,F5 | Jun 30, 2016 | P | 201,459 | $0.6599 | A | 10,575,493 | I | By Dalea Partners, LP |
| Common SharesF3,F2,F4,F5 | Jun 30, 2016 | P | 511,551 | $0.6599 | A | 11,087,044 | I | By Dalea Partners, LP |
| Common SharesF6,F2,F4,F5 | Jun 30, 2016 | P | 355,826 | $0.6599 | A | 355,826 | I | By ANBE Holdings, L.P. |
| Common Shares | holding | — | — | — | 335,150 | D | ||
| Common SharesF4,F5 | holding | — | — | — | 3,958,333 | I | By Longfellow Energy, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued to Dalea Partners, LP ("Dalea") at the election of Dalea to receive common shares in lieu of cash interest on the Issuer's outstanding 13% convertible notes due in 2017 (the "2017 Notes").
- F2The shares were issued at a value of $0.6599 per share, which was equal to 75% of the 10-day volume weighted average price through the close of trading of the common shares on the NYSE MKT on June 29, 2016.
- F3The shares were issued to Dalea in a private placement in exchange for cash.
- F4The 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.
- F5The 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.
- F6The shares were issued to ANBE Holdings, L.P. ("ANBE")in lieu of cash interest payable on the $5.0 million draw down convertible promissory note between the Issuer and ANBE.