SEC Form 4 · accession 0001213900-18-014243
Texas South Energy, Inc. · TXSO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Mayell
Officer — President / CEO · Director · 10% Owner
Period of report
Oct 16, 2018
Accepted (ET)
Oct 22, 2018 · 7:02 pm 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 Stock | holding | — | — | — | 17,416,675 | I | By affiliated corporations | |
| Common Stock | holding | — | — | — | 156,200,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible DebtF1 | $0.02 | Oct 16, 2018 | A | 8,750,000 | A | Oct 16, 2018 | — | Common Stock | 8,750,000 | 61,200,000 | D |
Explanation of responses
- F1the amounts owed are due and payable upon demand and the expiration date of the conversion right is the date the debt is paid.