SEC Form 4 · accession 0001144204-16-102852
GRAN TIERRA ENERGY INC. · GTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence West
Officer — Vice President, Exploration
Period of report
May 12, 2016
Accepted (ET)
May 16, 2016 · 6:47 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 12, 2016 | M | 6,666 | — | A | 206,696 | D | |
| Common Stock | May 12, 2016 | D | 6,666 | $2.75 | D | 200,030 | 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 | — | May 12, 2016 | M | 6,666 | D | — | — | Common Stock | 6,666 | 13,334 | D |
Explanation of responses
- F1Reflects the receipt of 20,000 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 instalments on May 12, 2016, May 12, 2017 and May 12, 2018 until fully vested. The settlement for the restricted stock units that vested on May 12, 2016 was solely in cash.