Sec Form 4 Filing - Mitchell Noah Malone III @ TRANSATLANTIC PETROLEUM LTD. - 2016-11-04

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Mitchell Noah Malone III
2. Issuer Name and Ticker or Trading Symbol
TRANSATLANTIC PETROLEUM LTD. [ TAT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
16803 DALLAS PARKWAY
3. Date of Earliest Transaction (MM/DD/YY)
11/04/2016
(Street)
ADDISON, TX75001
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Note $ 0 ( 1 ) 11/04/2016 D 301,469 ( 1 ) ( 2 ) 07/01/2017 Common Shares 301,469 ( 1 ) 0 ( 3 ) ( 4 ) I By Dalea Partners, LP
Series A Convertible Preferred Shares $ 1.0928 11/04/2016 A 41,000 ( 1 ) ( 5 ) 11/04/2024 Common Shares 1,875,915 ( 1 ) 41,000 ( 3 ) ( 4 ) I By Dalea Partners, LP
Series A Convertible Preferred Shares $ 1.0928 11/04/2016 A 1,000 ( 6 ) ( 5 ) 11/04/2024 Common Shares 45,754 $ 50 42,000 ( 3 ) ( 4 ) I By Dalea Partners, LP
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mitchell Noah Malone III
16803 DALLAS PARKWAY
ADDISON, TX75001
X X Chief Executive Officer
Signatures
Meredith v. Kennedy, Attorney-in-Fact 11/08/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Dalea Partners, LP ("Dalea") disposed of $2.05 million of 13.0% Convertible Notes due 2017 (the "2017 Notes") in exchange for 41,000 shares of 12.0% Series A Convertible Redeemable Preferred Shares ("Series A Preferred") in an issuer exchange offer.
( 2 )The 2017 Notes were convertible at any time after July 1, 2015.
( 3 )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.
( 4 )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.
( 5 )The shares of Series A Preferred are convertible into common shares upon approval of listing of the common shares on the NYSE MKT and the Toronto Stock Exchange.
( 6 )Dalea acquired 1,000 of Series A Preferred Shares in a private placement directly from the issuer.

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