SEC Form 4 · accession 0000908662-17-000171

Discovery Energy Corp. · DENR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

10% Owner

10% Owner

Period of report

Sep 19, 2017

Accepted (ET)

Sep 21, 2017 · 4:02 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001435387

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
8% Convertible Debentures due 2021^F6,F1	$0.16	Sep 19, 2017	P	—	A	—	May 27, 2021	Common Stock	2,500,000	—	I
Warrant^F6,F1	$0.20	Sep 19, 2017	P	1,500,000	A	—	Sep 19, 2020	Common Stock	1,500,000	1,500,000	I
Option (Right to Buy)^F6,F2	$0.20	Sep 19, 2017	J	—	D	—	Sep 30, 2017	8% Convertible Debentures due 2021	—	—	I
Option (Right to Buy)^F3,F6	$0.20	Sep 19, 2017	J	—	D	—	—	8% Convertible Debentures due 2021	—	—	I
Option (Right to Buy)^F6,F1	$0.20	Sep 19, 2017	P	—	A	—	Jan 31, 2018	8% Convertible Debentures due 2021	—	—	I
Option (Right to Buy)^F6,F4,F5	$0.20	Sep 19, 2017	P	—	A	—	—	8% Convertible Debentures due 2021	—	—	I

F1Immediately exercisable.
F2The expiration dates of two options initially granted February 15, 2017 were extended by four months as indicated, without additional value being received.
F3Exercisable following an exercise of the first option described above. Prior to the amendment, the option expired on the later of March 31, 2018 or three months after certification of drilling of the Company's fourth well as described in the Securities Purchase Agreement, as amended (the "Certification").
F4Exercisable following an exercise of the first described immediately above.
F5Expires on the later of July 31, 2018 or three months after Certification.
F6Mr. Webster disclaims beneficial ownership of any securities that exceed his pecuniary interest in the securities held by DEC Funding LLC.