SEC Form 4/A · accession 0000899243-17-010057
TORCHLIGHT ENERGY RESOURCES INC · TRCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Period of report
May 28, 2015
Accepted (ET)
Apr 12, 2017 · 3:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001431959
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 28, 2015 | X | 321,250 | $0.36 | A | 3,990,000 | D | |
| Common StockF2 | May 28, 2015 | X | 310,000 | $0.36 | A | 310,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F3,F4 | $0.36 | May 28, 2015 | J | 310,000 | D | Mar 30, 2015 | — | Common Stock | 310,000 | 321,250 | D |
| Options (right to buy)F3,F2,F4 | $0.36 | May 28, 2015 | J | 310,000 | A | Mar 30, 2015 | — | Common Stock | 310,000 | 310,000 | I |
| Options (right to buy)F1,F4 | $0.36 | May 28, 2015 | X | 321,250 | D | Mar 30, 2015 | — | Common Stock | 321,250 | 0 | D |
| Options (right to buy)F2,F4 | $0.36 | May 28, 2015 | X | 310,000 | D | Mar 30, 2015 | — | Common Stock | 310,000 | 0 | I |
Explanation of responses
- F1This Form 4/A is being filed to correct the erroneous filing on June 11, 2015 where it was inadvertently reported that 631,250 shares of common stock were issued to Greg McCabe. All such shares were issued in the name of Greg McCabe, however 310,000 of these shares were incorrectly issued in the name of Greg McCabe and should instead have been issued in the name of G Mc Exploration, LLC, which was and is the beneficial owner of such 310,000 shares.
- F2Securities owned of record by G Mc Exploration, LLC, in which Greg McCabe owns 50% of the outstanding membership interests.
- F3Options to purchase 310,000 shares of the issuer's common stock were assigned by Greg McCabe to G Mc Exploration, LLC; this transaction was inadvertently omitted from the original Form 4 dated June 11, 2015.
- F4The options would have expired 30 days following receipt by Greg McCabe of information from the Issuer with respect to certain well(s) to be drilled by the issuer, as described in the Schedule 13D Statement dated May 27, 2015 filed by the Reporting Persons with respect to the common stock of the issuer.