SEC Form 4 · accession 0001580695-18-000145
Petrolia Energy Corp · BBLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Martin Oppenheim
Director
Period of report
Feb 23, 2018
Accepted (ET)
Mar 8, 2018 · 6:04 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 StockF1 | Feb 23, 2018 | P | 2,900 | $0.3399 | A | 4,689,590 | D | |
| Common StockF1 | Feb 23, 2018 | P | 2,100 | $0.34 | A | 4,691,690 | D | |
| Common Stock (Restricted)F2,F3 | Feb 28, 2018 | M | 510,000 | $0.10 | A | 5,201,690 | D | |
| Common Stock (Restricted)F2,F4 | Feb 28, 2018 | M | 120,000 | $0.09 | A | 5,321,690 | D | |
| Common Stock (Restricted)F5 | Feb 28, 2018 | A | 125,000 | $0.20 | A | 5,446,690 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF2,F3,F6 | $0.10 | Feb 28, 2018 | M | 510,000 | D | — | — | Common | 300,000 | 3,325,834 | D |
| WarrantsF2,F4,F6 | $0.09 | Feb 28, 2018 | M | 120,000 | D | — | — | Common | 120,000 | 3,205,834 | D |
| WarrantsF2 | $0.20 | Feb 28, 2018 | A | 125,000 | A | Feb 28, 2018 | Feb 28, 2020 | Common | 125,000 | 3,330,834 | D |
Explanation of responses
- F1Mr. Oppenheim purchased these shares on the open market.
- F2Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
- F3The price for the transaction reported on this line was $0.10. The reporting person will provide, upon request by the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each allotment.
- F4The price for the transaction reported on this line was $0.09. The reporting person will provide, upon request by the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each allotment.
- F5The Transaction reported was for a debt conversion of $25,000, where by the reporting person was to receive 125,000 paid up restricted common shares, and 125,000 warrants @ $0.20, exercisable for 2 year, for their participation. The transaction was approved by the board of directors.
- F6The following transactions have various exercisable and expiration dates. The reporting person will provide, upon request by the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each allotment along with the exercisable and expiration dates, if necessary.