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Filing Details

Accession Number:: 0001140361-10-001477
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-01-11 12:00:00
Reporting Period:: 2010-01-08

Filing Date:: 2010-01-11
Accepted Time:: 2010-01-11 17:09:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1419428	Vantage Drilling Co	VTG&VTG.WS	Drilling Oil & Gas Wells (1381)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1437446	Hsin-Chi Su	C/O Vantage Drilling Company 777 Post Oak Boulevard, Suite 610 Houston TX 77056		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Ordinary Shares	Acquisiton	2010-01-08	10,655,865	$0.95	89,868,224	No	4	P	Indirect	By F3 Capital
Ordinary Shares	Acquisiton	2010-01-08	3,921,570	$1.02	93,789,794	No	4	P	Indirect	By F3 Capital

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By F3 Capital
No	4	P	Indirect	By F3 Capital

Footnotes

Pursuant to a loan agreement dated December 18, 2008 between the issuer and F3 Capital, the issuer borrowed $10.0 million from F3 Capital. At any time prior to the date that the loan was repaid, subject to the approval of the issuer's shareholders, F3 Capital had the right to convert the outstanding amount under the loan agreement into ordinary shares at price equal to the greater of (a) $0.80 per share or (b) the average closing price of the ordinary shares on the NYSE Amex for the five trading days preceding the date of conversion. F3 Capital elected to convert the outstanding amount owed under the loan agreement at $0.952, the average closing price of the ordinary shares for the five days preceding the date of conversion.
F3 Capital is a Cayman Islands exempted company and is wholly-owned by Mr. Su.
Pursuant to a loan agreement dated March 3, 2009 between the issuer and F3 Capital, the issuer borrowed $4.0 million from F3 Capital. At any time prior to the date that the loan was repaid, subject to the approval of the issuer's shareholders, F3 Capital had the right to convert the outstanding amount under the loan agreement into ordinary shares at price equal to the closing price of the ordinary shares on the NYSE Amex for the trading day immediately preceding the date of conversion. F3 Capital elected to convert the outstanding amount owed under the loan agreement at $1.02, the average closing price of the ordinary shares for the day immediately preceding the date of conversion.