SEC Form 4 · accession 0001052918-15-000579
Jayhawk Energy, Inc. · JYHW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 3, 2015 | P | 39,645,872 | $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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1 | $0.005 | Nov 3, 2015 | P | 39,645,872 | A | Nov 3, 2015 | Nov 3, 2020 | Common Stock | 39,645,872 | 118,874,159 | D |
Explanation of responses
- F1Scott 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.
Remarks
Vast Exploration, LLC beneficially owns 118,874,159 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 297,682,251 shares of common stock for a total of 416,436,039 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.