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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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/YYYY)

11/24/2020
(Street)

ATLANTA, GA 30339
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)11/24/2020  S  2082800 D$0.31 70159253 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

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 November 24, 2020, was 2,082,800 shares, at a price of $0.31 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 70,159,253. Such shares were sold, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 622,000 shares sold resulting in ownership of 20,397,590 shares; Bay II = 499,300 shares sold resulting in ownership of 16,474,230 shares; Offshore Fund = 878,700 shares sold resulting in ownership of 28,893,333 shares; GMT Capital = 0 shares sold resulting in ownership of 147,000 shares; Claugus = 82,800 shares sold resulting in ownership of 2,720,200 shares; GMT Exploration = 0 shares sold resulting in ownership of 1,526,900 shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
GMT CAPITAL CORP
GMT CAPITAL CORP
2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH
ATLANTA, GA 30339

X

BAY RESOURCE PARTNERS LP
2300 WINDY RIDGE PARKWAY
SUITE 550 SOUTH
ATLANTA, GA 30339

X

BAY II RESOURCE PARTNERS LP
2300 WINDY RIDGE PARKWAY
SUITE 550 SOUTH
ATLANTA, GA 30339

X

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P.
2300 WINDY RIDGE PARKWAY
SUITE 550 SOUTH
ATLANTA, GA 30339

X

CLAUGUS THOMAS E
GMT CAPITAL CORP
2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH
ATLANTA, GA 30339

X

GMT Exploration Co LLC
1560 Broadway
STE 2000
Denver, CO 80202

X


Signatures
/s/ Philip J. Meyers11/25/2020
**Signature of Reporting PersonDate

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