SEC Form 4 · accession 0001019687-15-002251
Virtus Oil & Gas Corp. · VOIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rupert Ireland
Officer — President, CEO, Sec & Treas · Director · 10% Owner
Period of report
Jun 1, 2015
Accepted (ET)
Jun 3, 2015 · 2:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001478725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par valueF1,F2 | Jun 1, 2015 | J | 23,800,000 | $0.08 | D | 7,200,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the terms of a Note Repayment Agreement dated June 1, 2015, Mr. Ireland transferred 23,800,000 shares of common stock, $0.001 par value, to Daniel M. Ferris, as further described in a Schedule 13D/A filed by Mr. Ireland on June 3, 2015.
- F2Pursuant to his employment agreement with the issuer, Mr. Ireland received 1,000,000 shares of common stock, $0.001 par value, on May 13, 2015, and he is entitled to receive an additional 2,000,000 shares in increments of 1,000,000 shares each on May 13 in 2016 and 2017.