SEC Form 4 · accession 0001477932-17-000980
VICTORY ENERGY CORP · VYEY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Zamber
Director · 10% Owner
Period of report
Feb 3, 2017
Accepted (ET)
Feb 28, 2017 · 8:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000700764
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2 | $0.0923 | Feb 3, 2017 | P | 5,203,252 | A | Feb 3, 2017 | Feb 3, 2022 | Common Stock | 5,203,252 | 5,203,252 | I |
Explanation of responses
- F1On February 3, 2017, Victory Energy Corporation issued to Visionary Private Equity Group I, LP, a Unit, consisting of (i) $320,000 principal amount of 12% unsecured six-month promissory note, and (ii) a common stock purchase warrant to purchase 5,203,253 shares of common stock, par value $0.001 per share, for a purchase price of $320,000.
- F2The shares reported herein are held directly by Visionary Private Equity Group I, LP ("VLP"). Visionary PE GP I, LLC ("VLLC") is the General Partner of VLP. The reporting person is the Managing Director of VLP and the Manager of VLLC. The shares directly owned by VLP may be deemed indirectly owned by the reporting person; however, the reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in his report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.