SEC Form 4 · accession 0001104659-17-033172
Euronav MI II Inc. · GNRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicolas Busch
Director
Period of report
May 16, 2017
Accepted (ET)
May 16, 2017 · 4:33 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 StockF1,F2 | 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,F3 | — | May 16, 2017 | M | 9,584 | D | — | — | Common Stock | 9,584 | 0 | D |
| Restricted Stock UnitsF2,F4 | — | May 16, 2017 | A | 11,214 | A | — | — | Common Stock | 11,214 | 11,214 | D |
Explanation of responses
- F1The Reporting Person is a director and minority beneficial owner of Navig8 Limited. This Form 4 excludes 3,590,294 shares of GNRT common stock owned by Navig8 Limited. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2Each 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.
- 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.