X0306 4 2019-03-29 0 0001514732 SAExploration Holdings, Inc. SAEX 0001580993 Hastings Jeff 4860 25TH ST SE CALGARY A0 T2B 3M2 ALBERTA, CANADA 1 1 0 0 Chairman and CEO Common Stock 56658 D Common Stock 1350 I Through dispositive and voting control of Speculative Seismic Investments, LLC Common Stock 1201 I Through dispositive and voting control of CLCH, LLC Restricted Stock Unit Common Stock 73360 D 6% Senior Secured Convertible Notes due 2023 2018-09-26 2023-09-22 Common Stock 173913 247273 D Restricted Stock Unit 2019-03-29 2019-03-29 4 A 0 63595 0.00 A Common Stock 63595 310868 D Restricted Stock Unit 2019-03-29 2019-03-29 4 A 0 157760 0.00 A Common Stock 157760 468628 D Adjusted to reflect the one-for-twenty reverse stock split that occurred on September 14, 2018. Speculative Seismic Investments, LLC is a Texas limited liability company controlled by the Reporting Person. CLCH, LLC is an Alaska limited liability company controlled by the Reporting Person. The reporting person purchased $1,000,000 principal amount of the 6.00% Senior Secured Convertible Notes due 2023 (the "2023 Notes") issued by SAExploration Holdings, Inc. (the "Company) on September 26, 2018. The 2023 Notes are convertible into shares of the Company's common stock at an initial rate of 173.91304 shares of common stock per $1,000 principal amount of 2023 Notes. The rate of conversion is subject to adjustments customary for securities of this type. The reporting person may convert at any time from the date of issuance to the close of business on the second business day immediately preceding the maturity of September 26, 2013; however, conversion of the 2023 Notes is subject to the Company's right to select settle its conversion obligation in cash or in shares of common stock. Restricted stock units ("RSUs") were issued pursuant to the Company's Amended and Restated 2018 Long-Term Incentive Plan (the "Plan") as a long-term incentive award based on 2018 performance. These RSUs vest on September 29, 2020 and will convert into shares of common stock on a one for one bases. These RSUs were issued pursuant to the Plan as additional management incentive plan ("MIP") awards due under the terms of the employment agreement between the Company and the reporting person (the "True-Up MIP Awards"). These True-Up MIP awards vest 50% on April 12, 2019 and 50% on January 29, 2021 and will convert into shares of common stock on a one for one basis. Jeff Hastings 2019-04-10