SEC Form 4 · accession 0001299701-17-000001
Omagine, Inc. · OMAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles P Kuczynski
Officer — Vice-President & Secretary · Director
Period of report
Jan 4, 2017
Accepted (ET)
Feb 6, 2017 · 5:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000820600
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 4, 2017 | P | 52,517 | $0.616 | A | 605,737 | D | |
| Common StockF2,F3 | Feb 2, 2017 | P | 47,170 | $0.53 | A | 652,907 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person was issued 52,514 restricted Shares of the Issuer's Common Stock on January 4, 2017 pursuant to a Board of Directors resolution. The restricted Shares are valued at $32,348 and represent the Issuer's 2017 contribution for the benefit of the Reporting Person to the Omagine, Inc. 401(k) Plan.
- F2The Reporting Person purchased from the Issuer 47,170 restricted Shares of the Company's $0.001 par value Common Stock on February 2, 2017 at $0.53 per Share. The securities were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act and did not involve a public offering.
- F3The per Share purchase price to the Reporting Person was equal to the closing sale price of the Issuer's Common Stock on February 1, 2017 less the Finnerty discount of 18% for restricted stock and the aggregate proceeds to the Issuer was $25,000.