SEC Form 4 · accession 0001179110-15-011359
Triangle Petroleum Corp · TPLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Hill
Director
Period of report
Jul 16, 2015
Accepted (ET)
Jul 20, 2015 · 6:07 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 | Jul 18, 2015 | M | 22,500 | — | A | 363,595 | D | |
| Common StockF2,F3 | Jul 18, 2015 | F | 6,154 | $4.03 | D | 357,441 | 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,F6 | $0.00 | Jul 16, 2015 | A | 45,000 | A | Jul 16, 2016 | — | Common Stock | 45,000 | 127,500 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Jul 18, 2015 | M | 22,500 | D | Jul 18, 2015 | — | Common Stock | 22,500 | 105,000 | D |
Explanation of responses
- F1Common Stock acquired upon vesting of Restricted Stock Units.
- F2Shares withheld in payment of the Reporting Person's tax withholding triggered by vesting.
- F3Closing price of $4.03 on the NYSE MKT on July 17, 2015.
- F445,000 Restricted Stock Units were approved and granted to the Reporting Person by the Compensation Committee of the Board of Directors on July 16, 2015.
- F5Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F6Upon vesting, the Restricted Stock Units will automatically be exchanged for an equal number of shares of the Issuer's Common Stock.