SEC Form 4/A · accession 0001144204-16-112216
Legend Oil & Gas, Ltd. · LOGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owners
Hillair Capital Investments LP
10% Owner
Sean M McAvoy
10% Owner
Hillair Capital Management LLC
10% Owner
Period of report
May 27, 2016
Accepted (ET)
Jul 8, 2016 · 3:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001140414
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 1, 2015 | P | 0 | $0.03 | A | 604,155,998 | D |
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 | $0.03 | Oct 21, 2015 | P | 321,456,675 | A | Oct 21, 2015 | — | Common Stock | 321,456,675 | 321,456,675 | D |
| Original Issue Discount Senior Convertible DebentureF1 | $0.03 | Jan 29, 2016 | P | 47,980,000 | A | Jan 29, 2016 | Mar 1, 2018 | Common Stock | 47,980,000 | 369,436,675 | D |
| Original Issue Discount Senior Convertible DebentureF1 | $0.03 | Mar 25, 2016 | P | 13,692,933 | A | Mar 25, 2016 | Mar 1, 2018 | Common Stock | 13,692,933 | 383,129,608 | D |
| Original Issue Discount Senior Convertible DebentureF1 | $0.03 | Apr 7, 2016 | P | 38,340,200 | A | Apr 7, 2016 | Mar 1, 2018 | Common Stock | 38,340,200 | 421,469,808 | D |
| Original Issue Discount Senior Convertible DebentureF1 | $0.03 | May 27, 2016 | P | 15,336,080 | A | May 27, 2016 | Mar 1, 2018 | Common Stock | 15,336,080 | 436,805,888 | D |
| Original Issue Discount Senior Convertible DebentureF1 | $0.03 | Jul 6, 2016 | P | 11,000,000 | A | Jul 5, 2016 | Mar 1, 2018 | Common Stock | 11,000,000 | 447,805,888 | D |
Explanation of responses
- F1The reported securities are owned directly by Hillair Capital Investments L.P., a Cayman Islands limited partnership ("Hillair Capital"), and indirectly by Hillair Capital Investments LLC ("Hillair Management"), as the investment advisor of Hillair Capital, and Sean M. McAvoy, as the manager of Hillair Management. Hillair Management and McAvoy disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
- F2The Series B Convertible Preferred Stock is perpetual and does not expire.