SEC Form 4 · accession 0001580695-18-000261
Petrolia Energy Corp · BBLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Martin Oppenheim
Director
Period of report
Apr 23, 2018
Accepted (ET)
May 15, 2018 · 5:34 pm EDT
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 Stock (Restricted)F1 | Apr 23, 2018 | M | 500,000 | $0.10 | A | 5,701,690 | D | |
| Common Stock (Restricted)F3,F4 | Apr 23, 2018 | P | 83,333 | $0.20 | A | 5,785,023 | D | |
| Common Stock (Restricted)F3,F4 | Apr 23, 2018 | P | 104,167 | $0.20 | A | 5,889,190 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1,F2,F3 | $0.10 | Apr 23, 2018 | M | 500,000 | D | May 23, 2017 | May 23, 2020 | Common | 500,000 | 2,830,834 | D |
| WarrantsF3,F4 | $0.20 | Apr 23, 2018 | P | 104,167 | A | Apr 26, 2018 | Oct 21, 2020 | Common | 104,167 | 2,726,667 | D |
| WarrantsF3,F4 | $0.20 | Apr 23, 2018 | P | 83,337 | A | Apr 26, 2018 | Oct 21, 2020 | Common | 83,337 | 2,643,330 | D |
Explanation of responses
- F1The 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.
- F2Mr. Oppenheim exercised his 500,000 Warrant issuance that were accrued as part of his 2017 compensation package for his service on the Board.
- F3Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
- F4The Transactions reported were part of a private placement, where by the reporting person was to receive one (1) warrant @ $0.20, exercisable for 2 year for every paid up restricted common shares purchased for their participation.