SEC Form 4 · accession 0001104659-15-001867
CUBIC ENERGY INC · CBNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Calvin Wallen III
Officer — President and CEO · Director · 10% Owner
Period of report
Jan 8, 2015
Accepted (ET)
Jan 12, 2015 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000319156
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF4,F1,F2,F3 | $0.50 | Jan 8, 2015 | A | 299 | A | — | — | Common Stock | 598,022 | 12,786 | I |
| Series B Convertible Preferred StockF4,F1,F2,F3 | $0.50 | Jan 8, 2015 | A | 56 | A | — | — | Common Stock | 111,202 | 2,378 | D |
| Series B Convertible Preferred StockF4,F1,F2,F3 | $0.50 | Jan 8, 2015 | A | 47 | A | — | — | Common Stock | 94,640 | 2,024 | I |
Explanation of responses
- F1The Series B Convertible Preferred Stock is convertible into Common Stock of Cubic Energy, Inc. at a price of $0.50. The stated value per share is $1,000.00.
- F2The Series B Convertible Preferred Stock is convertible into Common Stock, subject to limitations whereby the holder may convert no more than 25% of the shares per quarter.
- F3The Series B Convertible Preferred Stock has no expiration date.
- F4The Series B Convertible Preferred Stock was issued in satisfaction of an accrued dividend.