SEC Form 4 · accession 0001567619-19-006412
GULFSLOPE ENERGY, INC. · GSPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Delek Group, Ltd.
10% Owner
Itshak Sharon
10% Owner
Delek GOM Holdings, LLC
10% Owner
Delek GOM Investments, LLC
10% Owner
DKL Investments Ltd
10% Owner
Period of report
Mar 5, 2019
Accepted (ET)
Mar 7, 2019 · 5:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001341726
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F2 | Mar 5, 2019 | X | 138,095,238 | $0.042 | A | 138,095,238 | I | See footnote 2 |
| Common Stock, par value $0.001 per shareF3,F2 | Mar 6, 2019 | X | 100,000,000 | $0.042 | A | 238,095,238 | I | See footnote 2 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant to Purchase Common StockF4,F1,F2 | $0.042 | Mar 5, 2019 | X | 138,095,238 | D | Mar 4, 2019 | Mar 4, 2020 | Common Stock, par value $0.001 per share | 138,095,238 | 0 | I |
| Warrant to Purchase Common StockF3,F2 | $0.042 | Mar 6, 2019 | J | 100,000,000 | A | Mar 6, 2019 | Mar 6, 2020 | Common Stock, par value $0.001 per share | 100,000,000 | 100,000,000 | I |
| Warrant to Purchase Common StockF3,F2 | $0.042 | Mar 6, 2019 | X | 100,000,000 | D | Mar 6, 2019 | Mar 6, 2020 | Common Stock, par value $0.001 per share | 100,000,000 | 0 | I |
Explanation of responses
- F1On March 5, 2019, a warrant to purchase ("Warrant No. 1") 138,095,238 shares of common stock, par value $0.001, of GulfSlope Energy, Inc. (the "Issuer") was exercised in full by Delek GOM Investments, LLC ("Delek GOM Investments") at an exercise price of $0.042 per share. Warrant No. 1 was exercised through the full extinguishment of obligations of Issuer as of March 5, 2019 under a separate credit agreement, dated March 1, 2019 (the "Credit Agreement"), between the Issuer and Delek GOM Investments.
- F2These securities are held of record by Delek GOM Investments. Delek GOM Holdings, LLC ("Holdings") is the sole member of Delek GOM Investments. DKL Investments Limited ("DKL") is the sole member of Holdings. The sole stockholder of DKL is Delek Group Ltd. ("Delek Group"). As of the date of this report, the majority of Delek Group's outstanding share capital and voting rights are owned, directly and indirectly, by Itshak Sharon Tshuva through private companies wholly-owned by him. As such, Itshak Sharon Tshuva, Delek Group, DKL and Holdings may each be deemed to have voting and investment power with respect to the securities held by Delek GOM Investments noted above and as a result may be deemed to have beneficial ownership over such securities. Each reporting person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such reporting person's pecuniary interest.
- F3On March 6, 2019, in connection with additional borrowings under the Credit Agreement, the Issuer issued a warrant to purchase ("Warrant No. 2") 100,000,000 shares of Common Stock at an exercise price of $0.042 to Delek GOM Investments. On March 6, 2019, Delek GOM Investments exercised Warrant No. 2 in full. Warrant No. 2 was exercised through the full extinguishment of obligations of the Issuer as of March 6, 2019 under the Credit Agreement.
- F4Warrant No. 1 was originally issued by the Issuer to Delek GOM Investments on March 4, 2019 in connection with the initial funding of the Credit Agreement.