SEC Form 4 · accession 0001387131-16-006922
CAMBER ENERGY, INC. · CEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Charles Schnur
Officer — CEO & President · Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 7:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001309082
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 1, 2016 | A | 968 | $3.80 | A | 9,433 | D | |
| Common Stock | holding | — | — | — | 1,680 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective November 1, 2012 (and amended and restated effective December 12, 2012), the Issuer entered into an employment agreement with Mr. Schnur. Pursuant to the agreement, $20,000 of Mr. Schnur's annual salary is payable in shares of the Issuer's common stock, which are due quarterly. The above represents the $5,000 quarterly payment of shares due on June 30, 2016 (less amounts withheld for the payment of taxes in connection with such compensation), which shares were issued pursuant to the Amended and Restated 2014 Stock Incentive Plan of the Issuer, which issuance was exempt from Section 16(b) pursuant to Rule 16b-3(d).