SEC Form 3 · accession 0001104659-19-010443
Epsilon Energy Ltd. · EPSN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Lane Bond
Officer — Chief Financial Officer
Period of report
Feb 14, 2019
Accepted (ET)
Feb 25, 2019 · 9:38 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 | — | — | — | 77,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F1 | $7.34 | holding | — | — | — | — | — | Common Shares | 22,500 | — | D |
| Options (right to buy)F2 | $6.80 | holding | — | — | — | — | — | Common Shares | 27,500 | — | D |
| Restricted Stock GrantF4,F3 | — | holding | — | — | — | — | — | Common Shares | 12,500 | — | D |
Explanation of responses
- F1The options are fully vested and expire on June 5, 2022.
- F2Of these options 18,333 are fully vested, 9,167 options vest on January 26, 2020. All these options expire on January 26, 2024.
- F3Vesting evenly at each anniversary of the grant date (12/31/2018) over a three year period, as long as Mr. Bond is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.
- F4Upon vesting, the Restricted Stock Grants convert into Common Shares on a one-for-one basis.