Sec Form 4 Filing - GMT CAPITAL CORP @ GRAN TIERRA ENERGY INC. - 2020-10-09

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
GMT CAPITAL CORP
2. Issuer Name and Ticker or Trading Symbol
GRAN TIERRA ENERGY INC. [ GTE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
GMT CAPITAL CORP, 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH
3. Date of Earliest Transaction (MM/DD/YY)
10/09/2020
(Street)
ATLANTA, GA30339
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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
COMMON STOCK ( 1 ) ( 2 ) ( 3 ) 10/09/2020 S 2,398,716 D $ 0.23 78,425,879 D
COMMON STOCK ( 1 ) ( 2 ) ( 4 ) 10/12/2020 S 235,181 D $ 0.22 78,190,698 D
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GMT CAPITAL CORP
GMT CAPITAL CORP
2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH
ATLANTA, GA30339
X
BAY RESOURCE PARTNERS LP
2300 WINDY RIDGE PARKWAY
SUITE 550 SOUTH
ATLANTA, GA30339
X
BAY II RESOURCE PARTNERS LP
2300 WINDY RIDGE PARKWAY
SUITE 550 SOUTH
ATLANTA, GA30339
X
BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P.
2300 WINDY RIDGE PARKWAY
SUITE 550 SOUTH
ATLANTA, GA30339
X
CLAUGUS THOMAS E
GMT CAPITAL CORP
2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH
ATLANTA, GA30339
X
GMT Exploration Co LLC
1560 Broadway
STE 2000
Denver, CO80202
X
Signatures
Philip J. Meyers 10/12/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P.(Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital), and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.
( 2 )GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.
( 3 )The aggregate number of shares of common stock sold on October 09, 2020, was 2,398,716 shares, at a price of $0.23 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 78,425,879. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 716,400 shares sold resulting in ownership of 22,866,290 shares; Bay II = 575,100 shares sold resulting in ownership of 18,456,030 shares; Offshore Fund = 1,011,916 shares sold resulting in ownership of 32,380,859 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus =95,300 shares sold resulting in ownership of 3,048,800 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900shares.
( 4 )The aggregate number of shares of common stock sold on October 12, 2020, was 235,181 shares, at a price of $0.22 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 78,190,698. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 70,200 shares sold resulting in ownership of 22,796,090 shares; Bay II = 56,400 shares sold resulting in ownership of 18,399,630 shares; Offshore Fund = 99,281 shares sold resulting in ownership of 32,281,578 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus = 9,300 shares sold resulting in ownership of 3,039,500 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900 shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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