SEC Form 4 · accession 0001179110-17-004277
Triangle Petroleum Corp · TPLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dominic Spencer
Officer — Chief Operating Officer
Period of report
Mar 6, 2017
Accepted (ET)
Mar 8, 2017 · 7:03 pm EST
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 | Mar 6, 2017 | M | 100,000 | — | A | 201,282 | D | |
| Common StockF2,F3 | Mar 6, 2017 | F | 37,280 | $0.26 | D | 164,002 | D | |
| Common StockF1 | Mar 7, 2017 | M | 2,950 | — | A | 166,952 | D | |
| Common StockF2,F4 | Mar 7, 2017 | F | 1,100 | $0.26 | D | 165,852 | D | |
| Common StockF1 | Mar 7, 2017 | M | 2,000 | — | A | 167,852 | D | |
| Common StockF2,F4 | Mar 7, 2017 | F | 746 | $0.26 | D | 167,106 | 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 UnitsF5,F6 | $0.00 | Mar 6, 2017 | M | 100,000 | D | Mar 6, 2017 | — | Common Stock | 100,000 | 233,950 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Mar 7, 2017 | M | 2,950 | D | Mar 7, 2017 | — | Common Stock | 2,950 | 231,000 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Mar 7, 2017 | M | 2,000 | D | Mar 7, 2017 | — | Common Stock | 2,000 | 229,000 | 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 $0.26 on the NYSE MKT on March 6, 2017.
- F4Closing price of $0.26 on the NYSE MKT on March 7, 2017.
- 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 are automatically exchanged for an equal number of shares of the Issuer's Common Stock.