Epsilon Energy Ltd. — Director's Dealing 2019

Feb 26, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Epsilon Energy Ltd. (EPSN)
CIK: 0001726126
Period of Report: 2019-02-14

Reporting Person: RALEIGH MICHAEL PATRICK (Director, Chief Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	41667	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (right to buy)	$7.34		Common Shares (50000)		Direct
Restricted Stock Grant	$		Common Shares (83333)		Direct
Restricted Stock Grant	$		Common Shares (62500)		Direct
Restricted Stock Grant	$		Common Shares (62500)		Direct

Footnotes

F1: The options are fully vested and expire on June 5, 2022.

F2: This Restricted Stock Grant will vest in equal parts on October 23, 2019 and October 23, 2020, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

F3: Vesting evenly at each anniversary of the grant date (12/31/2018) over a three year period, as long as Mr. Raleigh is still employed with Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

F4: Vesting in full or in part on 12/31/2021 assuming specified performance goals have been met. Unvested Shares will be forfeited.

F5: Upon vesting, the Restricted Stock Grants convert into Common Shares on a one-for-one basis.