SEC Form 3 · accession 0001144204-15-044477
PLEDGE PETROLEUM CORP · PROP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maria Damianou
Director · 10% Owner
Period of report
Jul 23, 2015
Accepted (ET)
Jul 28, 2015 · 8:31 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434110
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | holding | — | — | — | 64,302,467 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Preferred StockF1,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 120,000,000 | — | I |
| Series A-1 Preferred StockF1,F2,F4 | — | holding | — | — | — | — | — | Common Stock | 31,375,000 | — | I |
Explanation of responses
- F1Ervington Investments Limited ("Ervington") directly owns 64,302,467 shares of common stock (the "Common Stock") of Propell Technologies Group, Inc. (the "Company"), 4,500,000 shares of the Company's Series C Preferred Stock and 3,137,500 shares of the Company's Series A-1 Preferred Stock. Ervington is wholly owned by Greenleas International Holdings Ltd ("Greenleas"), which is wholly owned by Harmony Trust Settlement ("Harmony Trust"). Each of Ervington, Greenleas and Harmony Trust, through the ownership described herein, may be deemed to beneficially own the shares held by Ervington. The reporting person is one of two directors of Ervington and one of two representatives of Ervington appointed to the Company's board of directors and, therefore, may be deemed to beneficially own the Company's securities held by Ervington.
- F2The reporting person disclaims beneficial ownership of the reported securities except to the extent of the pecuniary interest, if any, therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3The Series C Preferred Stock has no expiration date and each share of Series C Preferred Stock is convertible at any time at the option of the holder into 26.67 shares of Common Stock. As a result, the 4,500,000 shares of Series C Preferred Stock are convertible into an aggregate of 120,000,000 shares of Common Stock.
- F4The Series A-1 Preferred Stock has no expiration date and each share of Series A-1 Preferred Stock is convertible at any time at the option of the holder into ten (10) shares of Common Stock. As a result, the 3,137,500 shares of Series A-1 Preferred Stock are convertible into an aggregate of 31,375,000 shares of Common Stock.