13D Filing: Whitebox Advisors and Saexploration Holdings Inc. (SAEX)

 

CUSIP No.

78636X204

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Whitebox Multi-Strategy Partners, LP

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a)   [_]
		(b)  [X]

3.	SEC USE ONLY

4.	SOURCE OF FUNDS
	WC

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[_]

6.	CITIZENSHIP OR PLACE OF ORGANIZATION
	British Virgin Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.	SOLE VOTING POWER
	0

8.	SHARED VOTING POWER
	2,310,782*

9.	SOLE DISPOSITIVE POWER
	0

10.	SHARED DISPOSITIVE POWER
	2,310,782*

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,310,782*

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

[_]

13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	6.92%*

14.	TYPE OF REPORTING PERSON
	PN

* The number of Common Stock reported
herein and the percent of class is calculated based on 32,679,286 shares of Common Stock issued and outstanding as of the Expiration
Time as reported in the 2017 RSA, which is comprised of 1,582,395 shares of Common Stock and additional shares of Common Stock
issuable upon the exercise of 16,609,229 Series A Preferred Shares and 1,458,434 Series C Warrants issuable to
WMP, subject to the Conversion Caps and therefore further limited with respect to this
Reporting Person to the extent Whitebox Advisors LLC or Whitebox General Partner LLC is deemed to beneficially own in the aggregate
the amount of Common Stock that triggers the Conversion Caps.