SEC Form 4 · accession 0001697936-18-000001
American Resources Corp · AREC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M. Sauve
Officer — President · Director · 10% Owner
Period of report
Nov 5, 2018
Accepted (ET)
Nov 13, 2018 · 1:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590715
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 5, 2018 | C | 3,902,410 | $0.00 | A | 3,902,410 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF1,F2,F3 | $0.00 | Nov 5, 2018 | C | 1,170,723 | D | — | — | Class A Common Stock | 3,902,410 | 130,080 | D |
Explanation of responses
- F1The Series A Preferred Stock is convertible on a cashless basis.
- F2The Series A Preferred Stock is convertible at the discretion of the shareholder.
- F3There is no expiration date on the Series A Preferred Stock.