SEC Form 4 · accession 0001179110-15-013258
Triangle Petroleum Corp · TPLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Justin Bliffen
Officer — Chief Financial Officer
Period of report
Sep 9, 2015
Accepted (ET)
Sep 11, 2015 · 4:14 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 | Sep 9, 2015 | M | 100,000 | $0.00 | A | 223,283 | D | |
| Common StockF2,F3 | Sep 9, 2015 | F | 40,778 | $3.06 | D | 182,505 | 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 | Sep 9, 2015 | M | 100,000 | D | Sep 9, 2015 | — | Common Stock | 100,000 | 463,982 | 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 $3.06 on the NYSE MKT on September 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.