SEC Form 4 · accession 0001437749-18-003326
Petrogress, Inc. · PGAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christos P Traios
Officer — President, CEO and CFO · Director · 10% Owner
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 4:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001558465
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.001F1 | Feb 23, 2018 | P | 4,758,128 | $0.0252 | A | 262,541,353 | D | |
| Common Stock, par value $.001F2 | Feb 23, 2018 | P | 19,070,512 | $0.0156 | A | 281,611,865 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person converted $120,000 of accrued and unpaid salary into 4,758,128 shares of Common Stock.
- F2The Reporting Person forgave debt obligations of the Issuer and its wholly owned subsidiaries in the aggregate amount of $297,500 in exchange for 19,070,512 shares of Common Stock.