SEC Form 4 · accession 0001415889-15-003515
Petro River Oil Corp. · PTRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scot Cohen
Officer — EXECUTIVE CHAIRMAN · Director
Period of report
Oct 23, 2015
Accepted (ET)
Oct 28, 2015 · 3:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172298
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F1 | $0.059 | Oct 23, 2015 | D | 41,666,667 | D | — | Nov 20, 2023 | Common Stock | 41,666,667 | 0 | D |
| Stock OptionF2,F3 | $0.01 | Oct 23, 2015 | A | 41,666,667 | A | — | Nov 23, 2025 | Common Stock | 41,666,667 | 41,666,667 | D |
Explanation of responses
- F1The options vest in five equal installments, with the first installments vested on November 20, 2013 and 2014, and the next three installments vesting on November 20, 2015, November 20, 2016, and November 20, 2017.
- F2On October 23, 2015, the Issuer canceled the Reporting Person's option to purchase 41,666,667 shares of common stock for $0.059. In exchange, the Reporting Person received a replacement option to purchase 41,666,667 shares for $0.01 per share.
- F3The newly issued options will follow the same vesting schedule as the cancelled options. 16,666,667 shares vested upon issuance, with the remainder vesting in three equal installments on November 20, 2015, November 20, 2016 and November 20, 2017.