SEC Form 4 · accession 0001144204-16-100463
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
May 7, 2016
Accepted (ET)
May 10, 2016 · 4:26 pm EDT
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 | May 7, 2016 | M | 35,001 | — | A | 35,001 | D | |
| Common Stock | May 7, 2016 | D | 35,001 | $2.70 | D | 0 | 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 | — | May 7, 2016 | M | 11,667 | D | — | — | Common Stock | 11,667 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | May 7, 2016 | M | 23,334 | D | — | — | Common Stock | 23,334 | 0 | D |
Explanation of responses
- F1Reflects vesting of shares subject to a restricted stock unit previously reported for which settlement was solely in cash.
- F2Each restricted stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The restricted stock units originally vested in three equal installments on March 1, 2015, March 1, 2016 and March 1, 2017. Due to an amendment of the Reporting Person's employment agreement, the remaining restricted stock units fully vested on May 7, 2016.
- F3Each restricted stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. The restricted stock units originally vested in three equal installments on March 1, 2016, March 1, 2017 and March 1, 2018. Due to an amendment of the Reporting Person's employment agreement, the remaining restricted stock units fully vested on May 7, 2016.