Alpine Summit Energy Partners (ALPS.U) Form 3 ALPINE SUMMIT ENERGY PARTNERS / Darren J. Tangen ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Tangen Darren J.

(Last) (First) (Middle)

C/O ALPINE SUMMIT ENERGY PARTNERS, INC.

3322 WEST END AVE., SUITE 450

(Street)

NASHVILLE TN 37203

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/30/2022

3. Issuer Name and Ticker or Trading Symbol
ALPINE SUMMIT ENERGY PARTNERS, INC. [ ALPS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Subordinate Voting Shares	4,000	D
Class A Subordinate Voting Shares	1,026,576	I	Held by Darren and Nicole Tangen Living Trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(1)	12/14/2031	Class A Subordinate Voting Shares	192,550	3.56	D
Deferred Share Units	(2)	(2)	Class A Subordinate Voting Shares	56,316	(2)	D
Class B Non-Voting Units	(3)	(3)	Class A Subordinate Voting Shares	82,831	0(3)	I	Held by Darren and Nicole Tangen Living Trust

Explanation of Responses:

1. The options were granted on December 14, 2021, and vest as follows: 48,138 on each of December 14, 2021, December 14, 2022, and December 14, 2023; and 48,136 on December 14, 2024.

2. 33,708 deferred share units (DSUs) vest on June 1, 2022; 22,608 DSUs vest on June 1, 2023. The underlying Class A subordinate voting shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying Class A subordinate voting shares, until termination of the reporting person's employment or services as a director of the Issuer.

3. Represents Class B non-voting units of HB2 Origination, LLC, which are exchangeable at the option of the reporting person for Class A subordinate voting shares of the Issuer on a one-for-one basis.

Remarks:

Exhibit 24.1 Power of Attorney

	/s/ Reagan Brown as attorney-in-fact for Darren Tangen	12/30/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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