SEC Form 4 · accession 0001654954-17-005770
TORCHLIGHT ENERGY RESOURCES INC · TRCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest Scott Kimbrough
Director
Period of report
Jun 19, 2017
Accepted (ET)
Jun 21, 2017 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001431959
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F2 | $1.63 | Jun 19, 2017 | A | 29,013 | A | Jun 19, 2017 | Jun 19, 2022 | Common Stock | 29,013 | 29,013 | D |
Explanation of responses
- F1Granted under the 2015 Stock Option Plan.
- F2On November 3, 2016, this director was granted $100,000 worth of director compensation, of which the issuer paid this director $72,728 in stock options (amounting to 129,871 stock options) with an exercise price of $0.97. On June 19, 2017, the remaining $27,272 balance was paid to this director in stock options with an exercise price of $1.63.