SEC Form 4 · accession 0001185185-18-000218
Petrolia Energy Corp · BBLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Martin Oppenheim
Director
Period of report
Dec 14, 2017
Accepted (ET)
Feb 14, 2018 · 6:03 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001368637
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 14, 2017 | A | 83,334 | $0.12 | A | 4,388,334 | D | |
| Common StockF1 | Dec 15, 2017 | A | 10,000 | $0.15 | A | 4,398,334 | D | |
| Common Stock | Dec 20, 2017 | A | 288,356 | $0.06 | A | 4,686,690 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF2 | $0.20 | Dec 14, 2017 | P | 83,334 | A | Dec 14, 2017 | Oct 1, 2020 | Common | 83,334 | 3,585,834 | D |
| WarrantsF3 | $0.14 | Dec 31, 2017 | P | 250,000 | A | Dec 31, 2017 | Dec 31, 2020 | Common | 250,000 | 3,835,834 | D |
Explanation of responses
- F1Mr. Oppenheim purchased these shares on the open market.
- F2As part of a Private Placement, Warrants were issued by where by the unit purchaser would receive one warrant, exercisable @ $0.20, for every share purchased @ $0.12/share.
- F3Mr. Oppenheim secured a Line of Credit for the Company and received 250,000 Warrants, exercisable @ $0.14 until Dec. 31, 2020 as part of his compensation for the transaction.