SEC Form 4 · accession 0001179110-16-027481
Triangle Petroleum Corp · TPLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan D McGee
Officer — General Counsel
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 5:12 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 1, 2016 | M | 32,000 | — | A | 75,866 | D | |
| Common StockF2,F3 | Jul 1, 2016 | F | 10,234 | $0.25 | D | 65,632 | 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 | Jul 1, 2016 | M | 32,000 | D | Jul 1, 2016 | — | Common Stock | 32,000 | 219,796 | 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 $0.25 on the NYSE MKT on July 1, 2016.
- 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.