SEC Form 3 · accession 0001104659-19-010441
Epsilon Energy Ltd. · EPSN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tracy B Stephens
Director
Period of report
Feb 14, 2019
Accepted (ET)
Feb 25, 2019 · 9:37 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 | — | — | — | 4,400 | 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 GrantF3,F1 | — | holding | — | — | — | — | — | Common Shares | 5,000 | — | D |
| Restricted Stock GrantF3,F2 | — | holding | — | — | — | — | — | Common Shares | 9,000 | — | D |
Explanation of responses
- F1This Restricted Stock Grant will vest in equal parts on December 20, 2019 and December 20, 2020, as long as Mr. Stevens is still a director of Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.
- F2Vesting evenly at each anniversary of the grant date (December 31, 2018) over a three year period, as long as Mr. Stevens is still a director of Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.
- F3Upon vesting, the Restricted Stock Grants convert into Common Shares on a one-for-one basis.