SEC Form 4 · accession 0001648210-15-000002
Comstock Inc. · LODE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C. Kopple
Director
Period of report
Aug 27, 2015
Accepted (ET)
Aug 31, 2015 · 7:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001120970
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 27, 2015 | M | 909,091 | $0.00 | A | 3,841,592 | I | Robert C. Kopple as Trustee for the E.L. II Properties Trust Dated 7 /1/1983 |
| Common StockF1 | Aug 27, 2015 | J | 190,500 | $0.00 | A | 4,032,092 | I | Robert C. Kopple as Trustee for the E.L. II Properties Trust Dated 7 /1/1983 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF1,F2,F3,F4 | $1.65 | Aug 27, 2015 | M | 1,500 | D | — | — | Common Stock | 909,091 | 0 | I |
Explanation of responses
- F1On August 27, 2015, Comstock Mining Inc. forced the conversion of all outstanding shares of convertible preferred stock upon receiving approval from a majority of the holders thereof. In addition, a special dividend of 127 common shares per share of preferred stock was declared.
- F2Exercisable at any time by the reporting person upon conversion of preferred shares.
- F3No expiration date.
- F41,500 shares of Series B Convertible Preferred Stock were convertible into 909,091 shares of Common Stock.