GRAN TIERRA ENERGY INC.

Environmental & Social Information • Feb 20, 2019

National Storage Mechanism | Additional information

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RNS Number : 6585Q

Gran Tierra Energy Inc.

20 February 2019

February 20, 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 Performance Stock Units undertaken by directors / persons discharging managerial responsibility.

Performance Stock Units (PSUs) granted to Executives on March 2, 2016 have vested and have been paid out to participants on February 15, 2019.  The original grants of PSUs were adjusted by a performance factor of 1.72 and the payment was based on the closing price of the Company's shares on December 31, 2018.

The Notification of Dealing Forms for the vesting and payment of the PSUs for PDMRs can be found below.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Contact Information:

Gary Guidry

Chief Executive Officer

Ryan Ellson

Chief Financial Officer

Rodger Trimble

Vice President, Investor Relations

(403) 265-3221

[email protected]

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary S. Guidry

2

Reason for the notification

a)

Position/status

President and Chief Executive Officer and Director

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	538,016

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ryan Ellson

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	389,752

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glen Mah

2

Reason for the notification

a)

Position/status

Vice President, Business Development

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	230,452

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lawrence West

2

Reason for the notification

a)

Position/status

Vice President, Exploration

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	230,480

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Susan Mawdsley

2

Reason for the notification

a)

Position/status

Vice President, Finance and Corporate Controller

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	215,898

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ed Caldwell

2

Reason for the notification

a)

Position/status

Vice President, Health, Safety and Environment & Corp. Social Responsibility

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	212,334

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rodger Trimble

2

Reason for the notification

a)

Position/status

Vice President, Investor Relations

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	201,821

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jim Evans

2

Reason for the notification

a)

Position/status

Vice President, Corporate Services

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	230,480

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Johnson

2

Reason for the notification

a)

Position/status

Vice President, Asset Management

b)

Initial notification /Amendment

Initial notification

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 the financial instrument, type of instrument

Performance Stock Units

Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock

Identification code

n/a

b)

Nature of the transaction

Vesting and Cash Settlement of Performance Stock Units

c)

Price(s) and volume(s)

Price(s)	Volume (s)
US $2.25	230,480

d)

Aggregated information

- Aggregated Volume

n/a

- Price

n/a

e)

Date of the transaction

15 February 2019

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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