SEC Form 4 · accession 0000899243-16-020302
Lynden Energy Corp. · LVL.V
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ron Paton
Director
Period of report
May 18, 2016
Accepted (ET)
May 18, 2016 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001622620
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 18, 2016 | D | 100,000 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3,F2 | $0.80 | May 18, 2016 | D | 150,000 | D | Oct 22, 2011 | Jul 21, 2016 | Common Stock | 150,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3,F2 | $0.80 | May 18, 2016 | D | 75,000 | D | Dec 2, 2011 | Sep 1, 2016 | Common Stock | 75,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3,F2 | $0.50 | May 18, 2016 | D | 125,000 | D | Oct 3, 2012 | Jul 2, 2017 | Common Stock | 125,000 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to an arrangement agreement dated December 16, 2015, between Lynden Energy Corp. ("Issuer"), Earthstone Energy Inc. ("Earthstone") and 1058286 B.C. Ltd., as amended, wherein the reporting person received, for each existing share of common stock of Issuer held by the reporting person, 0.02842 Earthstone common shares respectively, having a market value of $12.76 per share (based on the closing price of Earthstone's common stock on May 17, 2016) on the effective date of the arrangement (the "Arrangement").
- F2Amounts shown in $CAD.
- F3In connection with the completion of the transactions contemplated by the Arrangement, the options were cancelled in exchange for cash equal to U.S.$0.001 for every such option.