SEC Form 4 · accession 0001493152-15-003573
Prairie Operating Co. · PROP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Kessler
Director · 10% Owner
Period of report
Aug 10, 2015
Accepted (ET)
Aug 12, 2015 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001162896
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per shareF3,F4,F1 | Aug 10, 2015 | P | 30,000 | $0.58 | A | 8,643,268 | I | Please see explanation below |
| Common Stock, par value $0.0001 per shareF3,F4,F2 | Aug 11, 2015 | P | 20,000 | $0.5809 | A | 8,663,268 | I | Please see explanation below |
| Common Stock, par value $0.0001 per shareF3,F4,F1 | Aug 11, 2015 | P | 35,000 | $0.5423 | A | 8,698,268 | I | Please see explanation below |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were purchased by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("Bristol Investment") managed by Bristol Capital Advisors LLC ("Bristol Capital"), a Delaware limited liability company, of which Mr. Kessler, as the manager of Bristol Capital, has voting and dispositive power over the shares beneficially owned. Bristol Investment owns a total of 7,343,568 shares of the Company's common stock.
- F2These shares were purchased by Bristol Capital, LLC, a Delaware limited liability company ("BC"), of which Mr. Kessler is the manager and, alone, has voting and dispositive power over the shares beneficially owned by BC. BC owns a total of 489,000 shares of the Company's common stock.
- F3This total includes: (i) 7,343,568 shares owned by Bristol Investment, (ii) 489,000 shares owned by BC, (iii) 78,700 shares owned by Paul Kessler IRA Rollover, of which Mr. Kessler, acting alone, has voting and dispositive power over the shares beneficially owned, and (iv) 787,000 shares owned by Bristol Capital Pension and Profit Sharing, of which Mr. Kessler, acting alone, has voting and dispositive power over the shares beneficially owned.
- F4This total does not include shares issuable upon exercise of an option held by Mr. Kessler, individually, for 450,000 shares of common stock, of which approximately 165,800 have vested.