SEC Form 4 · accession 0001354488-17-000204
TORCHLIGHT ENERGY RESOURCES INC · TRCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexandre Zyngier
Director
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 5:14 pm 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 | Jan 31, 2017 | A | 213,116 | — | A | 213,116 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The issuer issued these securities to Mr. Zyngier as compensation for serving on the Board of Directors and for serving on a committee of the Board of Directors. All of the shares are presently unvested. The shares will not vest to Mr. Zyngier until the earliest to occur of the following: (a) Mr. Zyngier?s term as director ends due to death or disability; (b) Mr. Zyngier?s term as director ends for reasons other than (i) his removal for cause or (ii) because of his voluntary decision to retire, resign, or refuse to stand for reelection; or (c) the issuer has a change of control, defined as the issuer selling more than 30% of its common stock to one entity. In the event Mr. Zyngier?s term as director ends because he is removed for cause or because of his voluntary decision to retire, resign, or refuse to stand for reelection, any of these shares that have not yet vested will be forfeited and cancelled.