SEC Form 3 · accession 0001104659-19-010436

Epsilon Energy Ltd. · EPSN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Feb 14, 2019

Accepted (ET)

Feb 25, 2019 · 9:34 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001726126

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Shares	holding	—	—		—	41,667	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option (right to buy)^F1	$7.34	holding	—	—	—	—	—	Common Shares	50,000	—	D
Restricted Stock Grant^F5,F2	—	holding	—	—	—	—	—	Common Shares	83,333	—	D
Restricted Stock Grant^F5,F3	—	holding	—	—	—	—	—	Common Shares	62,500	—	D
Restricted Stock Grant^F5,F4	—	holding	—	—	—	—	—	Common Shares	62,500	—	D

F1The options are fully vested and expire on June 5, 2022.
F2This Restricted Stock Grant will vest in equal parts on October 23, 2019 and October 23, 2020, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.
F3Vesting evenly at each anniversary of the grant date (12/31/2018) over a three year period, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.
F4Vesting in full or in part on 12/31/2021 assuming specified performance goals have been met. Unvested Shares will be forfeited.
F5Upon vesting, the Restricted Stock Grants convert into Common Shares on a one-for-one basis.