SEC Form 4 · accession 0001052918-15-000516

Jayhawk Energy, Inc. · JYHW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Vast Exploration, LLC

10% Owner

Period of report

Oct 8, 2015

Accepted (ET)

Oct 13, 2015 · 4:54 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001308710

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Oct 8, 2015	P	94,333,678	$0.005	A	118,874,159	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants^F1	$0.005	Oct 8, 2015	P	94,333,678	A	Oct 8, 2015	Oct 7, 2020	Common stock	94,333,678	118,874,159	D

Explanation of responses

F1Vast Exploration, LLC beneficially owns 118,749,788 shares of common stock and pursuant to the terms of certain Convertible Debentures, a Revolving Credit Note, and Warrants held by Vast Exploration, LLC. The aggregate amount of securities Vast Exploration, LLC beneficially owns may be increased by an additional 266,890,641 shares of common stock for a total of 385,640,429 shares of common stock, subject to an increase in common stock capital authorized for issuance. The Issuer, Jayhawk Energy, Inc. has insufficient authorized common stock capital to permit Vast Exploration, LLC to convert its 10% Convertible Debentures, the balance due on the Revolving Credit Note or its Warrants until such time as JayHawk amends its Articles of Incorporation to authorize an increase in common stock capital.

Remarks

Scott Mahoney, as the CEO and Manager of Vast Exploration, LLC, is the natural person with voting and dispositive control over Vast Exploration, LLC and is deemed to be a beneficial owner. Mr. Mahoney disclaims beneficial ownership of the Vast Exploration, LLC shares.