SEC Form 4 · accession 0001179110-15-006231
Triangle Petroleum Corp · TPLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Hill
Director
Period of report
Apr 9, 2015
Accepted (ET)
Apr 10, 2015 · 6:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001281922
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 9, 2015 | M | 25,000 | $0.00 | A | 367,885 | D | |
| Common StockF2,F3 | Apr 9, 2015 | F | 6,790 | $5.32 | D | 361,095 | 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 UnitsF4,F5 | $0.00 | Apr 9, 2015 | M | 25,000 | D | Apr 9, 2015 | — | Common Stock | 25,000 | 82,500 | D |
Explanation of responses
- F1Common Stock acquired upon vesting of Restricted Stock Units.
- F2Shares withheld in payment of Reporting Person's tax witholding triggered by the vesting.
- F3Closing price of $5.32 on the NYSE MKT on April 9, 2015.
- F4Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F5Upon vesting, the Restricted Stock Units are automatically exchanged for an equal number of shares of the Issuer's Common Stock.