SEC Form 4 · accession 0001140361-15-042426
TORCHLIGHT ENERGY RESOURCES INC · TRCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Willard Greer McAndrew III
Officer — Chief Operating Officer · Director · 10% Owner
Period of report
Nov 18, 2015
Accepted (ET)
Nov 20, 2015 · 10:55 am EST
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 | Nov 18, 2015 | A | 10,000 | $1.33 | A | 10,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 18, 2015, Mr. McAndrew and the issuer entered into an agreement providing for the issuer to issue Mr. McAndrew 10,000 restricted shares of common stock in exchange for the elimination of $13,300 in accrued and unpaid compensation due to Mr. McAndrew, which compensation is undisputed and has been reflected in the issuer's prior financial statements.