SEC Form 4 · accession 0001493152-18-009325
FOOTHILLS EXPLORATION, INC. · FTXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruno P. Allaire
Officer — Chief Executive Officer · Director
Period of report
Jun 23, 2018
Accepted (ET)
Jun 27, 2018 · 9:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001503458
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 23, 2018 | A | 795,333 | $0.15 | A | 795,333 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 23, 2018, Bruno P. Allaire elected to exercise his right to convert $110,300 of his accrued, through April 30, 2018, but unpaid salary into 795,333 shares of restricted common stock of the Company.
- F2Represents a closing price of our common stock on May 9, 2018, the day the FTXP Board of Directors granted all executive officers and directors of the Company the right to convert part or all of their respective accrued unpaid salaries for 2017 and year-to-date through April 30, 2018, into shares of restricted common stock of the Company. See our Current Report 8-K filed with SEC on May 22, 2018.