SEC Form 4 · accession 0001209191-17-026660
HARVEST NATURAL RESOURCES, INC. · HNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith L Head
Officer — Vice President
Period of report
Apr 10, 2017
Accepted (ET)
Apr 12, 2017 · 3:34 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,F2,F3 | Apr 10, 2017 | M | 25,619 | $4.52 | A | 60,905 | D | |
| Common Stock, $.01 par value per shareF2 | Apr 10, 2017 | D | 25,619 | $7.15 | D | 35,286 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF5 | $4.52 | Apr 10, 2017 | M | 25,619 | D | — | Jul 22, 2020 | Common Stock, $0.1 par value per share | 25,619 | 184,006 | D |
| Stock OptionsF4 | — | holding | — | — | — | — | — | Common Stock, $0.1 par value per share | — | 167,631 | D |
Explanation of responses
- F1On November 3, 2016, the Issuer effected a one-for-four (1:4) reverse split of its issued and outstanding common stock (the "Reverse Stock Split"). All securities amounts and prices referenced in this Form 4 have been adjusted to reflect the Reverse Stock Split.
- F2The exercise of cash settled stock appreciation rights are shown as an acquisition and disposition of common stock. Because the stock appreciation rights were settled in cash, no shares of common stock were issued to or sold by the reporting person.
- F3Since the date of the reporting person's last ownership filing, 179 shares of common stock beneficially owned by him was transferred to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owning such common stock now owned by his ex-wife.
- F4Includes options to purchase the Company's common stock granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- F5A Change of Control transaction occurred on October 7, 2016 causing all Stock Appreciation Rights of the Reporting Person to vest.