SEC Form 4 · accession 0001514732-16-000234
SAExploration Holdings, Inc. · SAEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Hastings
Officer — Executive Chairman · Director · 10% Owner
Period of report
Jul 27, 2016
Accepted (ET)
Jul 29, 2016 · 4:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001514732
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 27, 2016 | A | 142,968 | $0.00 | A | 142,968 | I | By Speculative Seismic Investments, LLC |
| Common StockF3 | holding | — | — | — | 830 | D | ||
| Common StockF4 | holding | — | — | — | 24,221 | I | Through dispositive and voting control of CLCH, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 142,968 shares of Common Stock held directly by Speculative Seismic Investments, LLC received upon the issuance of shares in connection with the Exchange Offer and New Senior Loan Facility (both terms as defined therein), pursuant to the terms of the Restructuring Support Agreement, dated as of June 13, 2016, among SAExploration Holdings, Inc., the members of management identified therein and the supporting holders identified therein.
- F2Speculative Seismic Investments, LLC ("SSI") is a Texas limited liability company, and is wholly owned and controlled by the Reporting Person.
- F3Represents the equivalent amount of shares held by the Reporting Person following the Issuer's Reverse Stock Split on July 27, 2016.
- F4Represents the equivalent amount of shares held by CLCH, LLC following the Issuer's Reverse Stock Split on July 27, 2016.