SEC Form 4 · accession 0001076542-15-000110
EL CAPITAN PRECIOUS METALS INC · ECPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Stapleton
Officer — CFO and Chairman of the Board · Director
Period of report
May 27, 2015
Accepted (ET)
May 28, 2015 · 12:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001135202
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 27, 2015 | J | 200,000 | — | A | 200,000 | I | Shares issued to Management Resource Initiatives, Inc. |
| Common Stock | holding | — | — | — | 4,495,980 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $0.38 | holding | — | — | — | Dec 12, 2013 | Jan 31, 2019 | Common Stock | 500,000 | 500,000 | D |
| Stock Options | $0.21 | holding | — | — | — | Jul 6, 2012 | Jul 6, 2022 | Common Stock | 500,000 | 500,000 | D |
| Stock Options | $1.02 | holding | — | — | — | Nov 30, 2012 | Feb 7, 2018 | Common Stock | 500,000 | 500,000 | D |
| Stock Options (right to buy) | $0.215 | holding | — | — | — | Jan 15, 2013 | Jan 15, 2018 | Common Stock | 500,000 | 500,000 | D |
| Stock Options (right to buy) | $0.16 | holding | — | — | — | Dec 12, 2013 | Dec 12, 2018 | Common Stock | 500,000 | 500,000 | D |
| Stock Options (right to buy) | $0.31 | holding | — | — | — | Mar 14, 2014 | Mar 14, 2019 | Common Stock | 500,000 | 500,000 | D |
| Series B Convertible Preferred StockF2,F3 | — | holding | — | — | — | Aug 1, 2014 | — | Common Stock | 51 | 51 | D |
| Stock Options (right to buy) | $0.15 | holding | — | — | — | Nov 3, 2014 | Nov 3, 2024 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1Shares of common stock of the Company issued for no additional payment as consideration for a loan made to the Company by Management Resource Initiatives, Inc. ("MRI") on February 4, 2015. The relative fair value of the shares was determined to be $10,435 and recorded as a discount to the note evidencing the loan. MRI is controlled by Mr. Stapleton, who is the Chief Financial Officer and a Director of El Capitan.
- F2Series B Convertible Preferred Stock is convertible into common stock on a one-for-one basis. The Series B Convertible Preferred Stock provides that the holders of outstanding shares of Series B Convertible Preferred Stock hold in the aggregate approximately 51% of the total voting power of all issued and outstanding voting capital of the Issuer. These voting rights apply solely with respect to matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent and relate to Company capitalization (including, without limitation, increasing and/or decreasing the number of authorized shares of common stock and/or preferred stock, and implementing forward and/or reverse stock splits) and changes in the Company's name. The holders of outstanding shares of Series B Convertible Preferred Stock do not otherwise have the right to vote on matters brought before the stockholders.
- F3No expiration date.