October 4, 2019
Gran Tierra Energy Inc.
(the "Company")
Notification of Transactions in the Company's Shares by Director and Persons Discharging Managerial Responsibility
The Company announces the following transactions in the Company's common shares, Deferred Stock Units and Stock Options undertaken by directors / persons discharging managerial responsibility ("PDMRs").
Deferred Stock Units ("DSUs") and Stock Options have been granted to PDMRs effective October 1, 2019 in accordance with the payment of directors' fees for the fourth quarter of 2019. Each DSU represents a contingent right to receive one share of the Company's common stock. The DSUs vest in full on award and are paid out at such time as the director ceases to be a member of the Board of Directors of the Company.Each Stock Option permits the holder to purchase one share of common stock of the Company at the stated exercise price. The exercise price equals the market price of a share of common stock at the time of grant. Stock Options vest over three years and expire five years from the date of issue.
The notification set out below is provided in accordance with the requirement of Article 19 of the EU Market Abuse Regulation.
Contact Information:
Gary Guidry
President and Chief Executive Officer
Ryan Ellson
Executive Vice President and Chief Financial Officer
Rodger Trimble
Vice President, Investor Relations
- 265-3221info@grantierra.com
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Peter Dey, Director |
Evan Hazell, Director | ||
Bob Hodgins, Director | ||
Ron Royal, Director | ||
David Smith, Director | ||
Sondra Scott, Director | ||
Brooke Wade, Director | ||
2 | Reason for the notification | |
a) | Position/status | See 1 a) above |
b) | Initial | Initial notification |
notification | ||
/Amendment | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction | ||||||||
monitor | |||||||||
a) | Name | Gran Tierra Energy Inc. | |||||||
b) | LEI | 549300IH2S17MAIUCM32 | |||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of | ||||||||
transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of | Deferred Stock Units | |||||||
the financial | |||||||||
instrument, type | Each Deferred Stock Unit represents a contingent right to receive one share of Gran Tierra | ||||||||
of instrument | Energy Inc. common stock. | ||||||||
Identification | n/a | ||||||||
code | |||||||||
b) | Nature of the | Grant of Deferred Stock Units | |||||||
transaction | |||||||||
c) | Price(s) and | ||||||||
volume(s) | PDMR | Price(s) | Volume (s) | ||||||
Peter Dey | n/a | 34,334 | |||||||
Evan Hazell | n/a | 27,681 | |||||||
Bob Hodgins | n/a | 30,645 | |||||||
Ron Royal | n/a | 34,334 | |||||||
David Smith | n/a | 15,786 | |||||||
Sondra Scott | n/a | 37,177 | |||||||
Brooke Wade | n/a | 34,334 | |||||||
d) | Aggregated | ||||||
information | Price(s) | Volume (s) | |||||
- Aggregated | |||||||
volume | n/a | 214,291 | |||||
- Price | |||||||
e) | Date of the | 1 October 2019 | |||||
transaction | |||||||
f) | Place of the | Outside a trading venue | |||||
transaction | |||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of | ||||||
transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of | Stock Options | |||||
the financial | |||||||
instrument, type | Each Stock Option represents a right to purchase one share of Gran Tierra Energy Inc. | ||||||
of instrument | common stock at the stated exercise price | ||||||
Identification | n/a | ||||||
code | |||||||
b) | Nature of the | Grant of Stock Options | |||||
transaction | |||||||
c) | Price(s) and | ||||||
volume(s) | PDMR | Price(s) | Volume (s) | ||||
Peter Dey | USD 1.17 | 10,875 | |||||
Evan Hazell | USD 1.17 | 10,875 | |||||
Ron Royal | USD 1.17 | 10,875 | |||||
David Smith | USD 1.17 | 10,875 | |||||
Brooke Wade | USD 1.17 | 10,875 | |||||
d) | Aggregated | ||||||
information | Price(s) | Volume (s) | |||||
- Aggregated | |||||||
volume | USD 1.17 | 54,375 | |||||
- Price | |||||||
e) | Date of the | 1 October 2019 | |||||
transaction | |||||||
f) | Place of the | Outside a trading venue | |||||
transaction | |||||||
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Disclaimer
Gran Tierra Energy Inc. published this content on 04 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2019 20:01:06 UTC