SEC Form 4 · accession 0001144204-16-106037
Li3 Energy, Inc. · LIEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick A Cussen
Director
Period of report
May 28, 2016
Accepted (ET)
May 31, 2016 · 8:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001334699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | May 28, 2016 | A | 685,714 | $0.00 | A | 14,783,071 | I | By Hibernia Ltd. |
| Common StockF2,F3 | May 28, 2016 | A | 769,463 | $0.00 | A | 15,552,534 | I | By Hibernia Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Board of Directors of the Registrant approved this issuance of shares to the Reporting Person in lieu of director fees.
- F2The Board of Directors of the Registrant approved this issuance of shares to the Reporting Person for payment of certain expenses of the Registrant paid by the Reporting Person.
- F3The Reporting Person is the President, sole director and owner of Hibernia Ltd. ("Hibernia") and may be deemed to beneficially own the securities held by Hibernia.