SEC Form 4 · accession 0001209191-16-145737
HARVEST NATURAL RESOURCES, INC. · HNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl L Nesselrode
Officer — VP Engineering & Business Dev
Period of report
Oct 7, 2016
Accepted (ET)
Oct 12, 2016 · 6:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000845289
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1 | Oct 7, 2016 | M | 215,000 | — | A | 279,316 | D | |
| Common Stock, $.01 par value per share | Oct 7, 2016 | D | 61,000 | $0.91 | D | 218,316 | D | |
| Common Stock, $.01 par value per share | Oct 7, 2016 | F | 42,119 | $0.91 | D | 176,197 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F4,F5 | — | Oct 7, 2016 | M | 215,000 | D | Oct 7, 2016 | — | Common Stock, $0.1 par value per share | 215,000 | 856,000 | D |
| Stock OptionsF2 | — | holding | — | — | — | — | — | Common Stock, $0.1 par value per share | — | 683,416 | D |
| Stock Appreciation RightF4,F3 | — | holding | — | — | — | — | — | Common Stock, $0.1 par value per share | — | 856,000 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of HNR common stock. The reporting person settled 61,000 shares for cash and 154,000 shares for HNR common stock.
- F2Includes options to purchase the Company's common stock granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- F3Includes Stock Appreciation Rights granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- F4Includes options to purchase the Company's common stock and Stock Appreciation Rights granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- F5Expiration Date not applicable.