SEC Form 4 · accession 0001079974-15-000413
WESTMOUNTAIN GOLD, INC. · WMTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
BOCO Investments LLC
10% Owner
Period of report
May 26, 2014
Accepted (ET)
Jun 3, 2015 · 2:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421601
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 26, 2015 | P | 2,500,000 | $0.12 | A | 30,821,857 | D | |
| Common Stock | May 26, 2015 | P | 6,870,583 | $0.12 | A | 30,821,857 | D | |
| Common Stock | May 26, 2015 | P | 11,639,075 | $0.12 | A | 30,821,857 | D | |
| Common Stock | May 27, 2015 | P | 4,886,615 | $0.05 | A | 30,821,857 | D | |
| Common Stock | May 27, 2015 | P | 2,000,000 | $0.01 | A | 30,821,857 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant | $0.01 | May 27, 2015 | X | 1,000,000 | D | Apr 23, 2014 | Apr 21, 2019 | Common | 1,000,000 | 15,684,292 | D |
| Warrant | $0.01 | May 27, 2015 | X | 22,000 | D | Apr 23, 2014 | Apr 22, 2019 | Common | 22,000 | 15,684,292 | D |
| Warrant | $0.01 | May 27, 2015 | X | 200,000 | D | Apr 23, 2014 | Nov 15, 2019 | Common | 200,000 | 15,684,292 | D |
| Warrant | $0.05 | May 27, 2015 | X | 1,250,000 | D | Apr 23, 2014 | Oct 1, 2022 | Common | 1,250,000 | 15,684,292 | D |
| Warrant | $0.05 | May 27, 2015 | X | 1,136,615 | D | Apr 23, 2014 | Sep 30, 2022 | Common | 1,136,615 | 15,684,292 | D |
| Warrant | $0.01 | May 27, 2015 | X | 715,500 | D | Apr 23, 2014 | Apr 22, 2019 | Common | 715,500 | 15,684,292 | D |
| Warrant | $0.05 | May 27, 2015 | X | 1,250,000 | D | Apr 23, 2014 | May 7, 2023 | Common | 1,250,000 | 15,684,292 | D |
| Warrant | $0.05 | May 27, 2015 | X | 1,250,000 | D | Apr 22, 2014 | Jun 26, 2023 | Common | 1,250,000 | 15,684,292 | D |
| Warrant | $0.01 | May 27, 2015 | X | 62,500 | D | Apr 23, 2014 | Aug 1, 2021 | Common | 62,500 | 15,684,292 | D |
| Convertible NoteF7,F8 | $0.45 | Sep 17, 2012 | J | 5,673,955 | D | — | — | Common | 5,673,955 | 15,684,292 | D |
| Convertible NoteF7,F8 | $0.12 | Sep 17, 2012 | J | 15,434,292 | A | — | — | Common | 15,434,292 | 15,684,292 | D |
Explanation of responses
- F1The common stock received represents the conversion of Secured Convertible Promissory Notes in the principal amount of $300,000 at a per share price of $0.12.
- F2The common stock received represents the conversion of accrued interest from certain Promissory Notes in the amount of $824,470 at a per share price of $0.12.
- F3The common stock received represents the conversion of accrued interest from certain Promissory Notes in the amount of $1,396,689 at a per share price of $0.12.
- F4Execution of previously report warrants, exercised at a price of $0.05 per agreement with issuer.
- F5Execution of previously reported warrant.
- F6The Reporting Person purchased a Convertible Revolving Line of Credit in the principal amount of $1,852,115. The Note bears interest at an annual rate of 15% and principal and accrued interest may be converted into the Company's common stock at the initial rate of $3.00 per share ("Conversion Rate") at the Lender's option. On May 15, 2015 principal totaled $1,852,115 and accrued interest totaled $824,470, which was converted in to common stock at $0.12 as of May 26, 2015. The Principal remains outstanding, and accrues interest at an annual rate of 8%. The current conversion rate, subject to adjustment based on subsequent Company financing, at present equals $0.12 per share of the Company's Common Stock.
- F7Convertible Notes are exercisable upon receipt thereof by the Reporting Person.
- F8Convertible Notes are no longer exercisable upon receipt of all amounts due thereunder by the Reporting Person.