SEC Form 4 · accession 0001078782-15-000434
RING ENERGY, INC. · REI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelly W. Hoffman
Officer — CEO · Director
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001384195
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 24, 2015 | M | 20,000 | $2.00 | A | 27,546 | D | |
| Common Stock | Mar 24, 2015 | S | 20,000 | $10.14 | D | 7,546 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF1 | $2.00 | Mar 24, 2015 | X | 20,000 | D | — | Dec 1, 2021 | Common Stock | 20,000 | 785,000 | D |
Explanation of responses
- F1Options vest 20% per year over 5 years.