SEC Form 4 · accession 0001415889-16-006308
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
Jun 20, 2016
Accepted (ET)
Jun 22, 2016 · 3:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172298
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 20, 2016 | P$0 | 1,379,246 | $0.00 | A | 1,841,787 | D | |
| Common StockF2 | holding | — | — | — | 305,431 | I | By ICO Liquidating Trust | |
| Common StockF3 | holding | — | — | — | 36,813 | I | By Structure Oil Corp. | |
| Common StockF4 | holding | — | — | — | 34,702 | I | By the Scot Jason Cohen Foundation |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were acquired by the Reporting Person as a result of the distribution of such shares by Horizon Investments, LLC ("Horizon") to its members. Horizon acquired the shares under the terms of an agreement by and between the Issuer and Horizon, pursuant to which the Issuer acquired 100% of the membership interests in Horizon for and in consideration for the issuance to Horizon of 11,564,250 shares of the Issuer's common stock.
- F2The Reporting Person is a managing member of ICO Liquidating Trust.
- F3The Reporting Person is a managing member Structure Oil Corp.
- F4The Reporting Person is a director of the Scot Jason Cohen Foundation.