SEC Form 4 · accession 0000908662-17-000018
Discovery Energy Corp. · DENR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 3:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001435387
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8% Convertible Debentures due 2021F4,F1 | $0.16 | Feb 15, 2017 | P | — | A | — | May 27, 2021 | Common Stock | 6,250,000 | — | I |
| WarrantF4,F1 | $0.20 | Feb 15, 2017 | P | 3,750,000 | A | — | Feb 15, 2020 | Common Stock | 3,750,000 | 3,750,000 | I |
| Option (Right to Buy)F4,F1 | $0.20 | Feb 15, 2017 | P | — | A | — | Sep 30, 2017 | 8% Convertible Debentures due 2021 | — | — | I |
| Option (Right to Buy)F4,F2,F3 | $0.20 | Feb 15, 2017 | P | — | A | — | — | 8% Convertible Debentures due 2021 | — | — | I |
Explanation of responses
- F1Immediately exercisable.
- F2Exercisable following an exercise of the first option described above.
- F3Expires on the later of March 31, 2018 or three months after certification of drilling of the Company's fourth well as described in the Second Amendment to Securities Purchase Agreement dated February 15, 2017.
- F4Mr. Webster disclaims beneficial ownership of any securities that exceed his pecuniary interest in the securities held by DEC Funding LLC.