SEC Form 4 · accession 0000899243-17-013803
Euronav MI II Inc. · GNRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Pierce
Director
Period of report
May 16, 2017
Accepted (ET)
May 18, 2017 · 6:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001443799
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1 | May 16, 2017 | M | 9,584 | — | A | 9,584 | 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 UnitsF2,F1,F3 | — | May 16, 2017 | M | 9,584 | D | — | — | Common Stock | 9,584 | 0 | D |
| Restricted Stock UnitsF2,F1,F4 | — | May 16, 2017 | A | 11,214 | A | — | — | Common Stock | 11,214 | 11,214 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of GNRT common stock, or in the sole discretion of GNRT's Compensation Committee, the cash value of a share of GNRT common stock on the date that the restricted stock unit vests.
- F2The reporting person is a Managing Director of Oaktree Capital Management, L.P. ("Oaktree"), a registered investment adviser under the Investment Advisers Act of 1940, as amended. The restricted stock units are held directly by the reporting person for the benefit of OCM FIE, LLC ("FIE"). Pursuant to the policies of Oaktree, the reporting person must hold the shares on behalf of and for the sole benefit of FIE and is assigning all economic, pecuniary and voting rights to FIE. The reporting person disclaims beneficial ownership of these securities, and the filing of this Form 4 shall not be construed as an admission that such person is the beneficial owner of any securities covered by this Form 4, except to the extent of any indirect pecuniary interest therein.
- F3On September 9, 2016, the reporting person was granted 9,584 restricted stock units, vesting on the earliest of (i) the date of the first annual meeting of shareholders of GNRT following the transaction date, (ii) the first anniversary of the transaction date, (iii) a change of control of GNRT and (iv) the death or disability of the reporting person.
- F4The restricted stock units vest on the earliest of (i) the date of the first annual meeting of shareholders of GNRT following the transaction date, (ii) the date that is thirty days following the first anniversary of the transaction date, (iii) a change of control of GNRT and (iv) the death or disability of the reporting person.