SEC Form 4 · accession 0001144204-16-085928
GRAN TIERRA ENERGY INC. · GTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Eldon Hardy
Officer — VP, Legal and General Counsel
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2016 · 8:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001273441
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2015 | M | 31,667 | — | A | 31,669 | D | |
| Common Stock | Mar 1, 2015 | D | 31,667 | $2.47 | D | 2 | D | |
| Common Stock | holding | — | — | — | 54,527 | I | By Spouse |
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 | — | Mar 1, 2015 | M | 11,667 | D | — | — | Common Stock | 11,667 | 23,333 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 1, 2015 | M | 11,667 | D | — | — | Common Stock | 11,667 | 11,666 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 1, 2015 | M | 8,333 | D | — | — | Common Stock | 8,333 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis. The reporting person settled all shares of restricted stock units for cash.
- F2Reflects the receipt of 35,000 restricted stock units that were incorrectly reported on Table I previously. Each restricted stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The restricted stock units shall vest in three equal consecutive annual installments on March 1, 2016, March 1, 2017 and March 1, 2018, until fully vested.
- F3Reflects the receipt of 35,000 restricted stock units that were incorrectly reported on Table I previously. Each restricted stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The restricted stock units shall vest in three equal consecutive annual installments on March 1, 2015, March 1, 2016 and March 1, 2017, until fully vested.
- F4Reflects the receipt of 25,000 restricted stock units that were incorrectly reported on Table I previously. Each restricted stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The restricted stock units shall vest in three equal consecutive annual installments on March 1, 2014, March 1, 2015 and March 1, 2016, until fully vested.