SEC Form 3 · accession 0001104659-19-010781
Epsilon Energy Ltd. · EPSN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adrian Montgomery
Director
Period of report
Feb 14, 2019
Accepted (ET)
Feb 26, 2019 · 6:45 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 | — | — | — | 2,500 | D |
Table II — derivative securities
| 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 | 10,000 | — | D |
| Restricted Stock GrantF4,F2 | — | holding | — | — | — | — | — | Common Shares | 5,000 | — | D |
| Restricted Stock GrantF4,F3 | — | holding | — | — | — | — | — | Common Shares | 9,000 | — | D |
Explanation of responses
- F1The options are fully vested and expire on June 5, 2022.
- F2The Restricted Stock Grant will vest in equal parts on December 20, 2019 and December 20, 2020, as long as Mr. Montgomery is still a director at Epsilon. Otherwise, the grant will be forfeited.
- F3Vesting evenly at each anniversary of the grant date (December 31, 2018) over a three year period, as long as Mr. Montgomery is still a director at Epsilon. Otherwise, the grant will be forfeited.
- F4Upon vesting, the Restricted Stock Grants will convert into Common Shares on a one-for-one basis.