SEC Form 4 · accession 0001683168-19-000170
MAGELLAN GOLD Corp · MAGE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Power
Director · 10% Owner
Period of report
Dec 31, 2018
Accepted (ET)
Jan 22, 2019 · 5:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001515317
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 31, 2018 | A | 43,773 | $0.00 | A | 263,019 | D | |
| Common StockF1 | holding | — | — | — | 219,246 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF3 | $2.00 | holding | — | — | — | Oct 26, 2017 | Oct 26, 2027 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Reflects shares adjusted to give effect to a 1-for -50 reverse stock split which was effective on 1/7/19.
- F2Shares were issued for no additional consideration pursuant to anti-dilution price protection provision attached to an earlier investment in March and June 2018. Shares are valued at $0.5720 per share.
- F3Number of options and option exercise price have been adjusted to give effect to a 1 for 50 reverse stock split which was effective 1/7/2019.