SEC Form 4 · accession 0001213900-18-009938
Texas South Energy, Inc. · TXSO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Mayell
Officer — CEO · Director · 10% Owner
Period of report
Apr 26, 2018
Accepted (ET)
Jul 31, 2018 · 11:19 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001506742
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 30, 2018 | G | 6,000,000 | — | D | 155,475,000 | D | |
| Common Stock | holding | — | — | — | 16,500,000 | I | By an affiliated corporation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible DebtF2 | $0.02 | Apr 26, 2018 | A | 28,000,000 | A | Apr 26, 2018 | — | Common Stock | 28,000,000 | 53,850,000 | D |
| Convertible DebtF2 | $0.02 | Jul 27, 2018 | A | 6,625,000 | A | Jul 27, 2018 | — | Common Stock | 6,625,000 | 60,475,000 | D |
Explanation of responses
- F1There was no sales price as these transactions were bona-fide gifts.
- F2The amounts owed are due and payable upon demand and the expiration date of the conversion right is the date the debt is paid.