Home > Insider Trading > Filing (0001651880-16-000016)

Filing Details

Accession Number:: 0001651880-16-000016
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-07-05 16:49:07
Reporting Period:: 2016-06-30

Filing Date:: 2016-07-05
Accepted Time:: 2016-07-05 16:49:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1092289	Transatlantic Petroleum Ltd.	TAT	Oil & Gas Field Exploration Services (1382)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1398377	Iii Malone Noah Mitchell	16803 Dallas Parkway Addison TX 75001	Chief Executive Officer	Yes	Yes	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
Common Shares	Acquisiton	2016-06-30	201,459	$0.66	10,575,493	No	4	P	Indirect	By Dalea Partners, LP
Common Shares	Acquisiton	2016-06-30	511,551	$0.66	11,087,044	No	4	P	Indirect	By Dalea Partners, LP
Common Shares	Acquisiton	2016-06-30	355,826	$0.66	355,826	No	4	P	Indirect	By ANBE Holdings, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Dalea Partners, LP
No	4	P	Indirect	By Dalea Partners, LP
No	4	P	Indirect	By ANBE Holdings, L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	335,150	Direct
Common Shares	3,958,333	Indirect	By Longfellow Energy, LP

Footnotes

These shares were issued to Dalea Partners, LP ("Dalea") at the election of Dalea to receive common shares in lieu of cash interest on the Issuer's outstanding 13% convertible notes due in 2017 (the "2017 Notes").
The shares were issued at a value of $0.6599 per share, which was equal to 75% of the 10-day volume weighted average price through the close of trading of the common shares on the NYSE MKT on June 29, 2016.
The shares were issued to Dalea in a private placement in exchange for cash.
The reporting person disclaims beneficial ownership of the securities covered by this statement except to the extent of his pecuniary interest therein, and the inclusion of the securities covered by this statement herein shall not be deemed an admission of beneficial ownership of the securities covered by this statement for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act"), or any other purpose.
The reporting person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Act. The reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.
The shares were issued to ANBE Holdings, L.P. ("ANBE")in lieu of cash interest payable on the $5.0 million draw down convertible promissory note between the Issuer and ANBE.