SEC Form 4 · accession 0001351347-17-000001
SARATOGA RESOURCES INC /TX · SARA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas F Cooke
Officer — Chairman and CEO · Director · 10% Owner
Period of report
Jan 25, 2017
Accepted (ET)
Jan 27, 2017 · 5:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001096339
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 6,038,274 | D | ||
| Common StockF1 | holding | — | — | — | 104,148 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $0.214 | Jan 25, 2017 | A | 500,000 | A | Jan 25, 2017 | Jan 25, 2022 | Common Stock | 500,000 | 500,000 | D |
| Stock Option (Right to Buy) | $3.00 | holding | — | — | — | Sep 10, 2013 | Jun 9, 2018 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1Beneficial ownership is disclaimed by Mr. Cooke
- F2Option vests and is exercisable 20% on the date of grant and 20% on each of 7/25/17, 1/25/18, 7/25/18 and 1/25/19.