SEC Form 4 · accession 0001445866-16-001860

DIAMONDHEAD CASINO CORP · DHCC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VICE PRESIDENT · Director

Period of report

Sep 16, 2015

Accepted (ET)

Apr 4, 2016 · 2:11 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000844887

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
COMMON STOCK	Dec 31, 2015	P	30,000	$0.1058	A	1,247,279	D
COMMON STOCK^F4	Feb 10, 2016	I	15,275	$0.00	A	15,275	I	ESOP Participant Account

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
OPTION TO BUY COMMON STOCK^F1	$1.25	Mar 11, 2013	A	150,000	D	Jan 19, 2013	Oct 27, 2015	COMMON STOCK	150,000	0	D
OPTION TO BUY COMMON STOCK^F1	$1.25	Sep 16, 2015	E	150,000	A	Sep 16, 2015	Mar 13, 2018	COMMON STOCK	150,000	150,000	D
CONVERTIBLE PROMISSORY NOTE^F2	$0.50	holding	—	—	—	Mar 31, 2010	Mar 31, 2020	COMMON STOCK	50,000	50,000	D
CONVERTIBLE DEBENTURE^F3	$0.30	holding	—	—	—	Mar 31, 2010	Mar 31, 2020	COMMON STOCK	166,667	166,667	D

F1On September 16, 2015, the Board of Directors extended the expiration date of a previously awarded option to purchase common stock from October 27, 2015 to March 13, 2018.
F2The Convertible Promissory Note was due for repayment on March 31, 2012, but remains oustanding and, therefore, the convertible feature remains intact until the earlier of conversion or redemption of the note by the Company.
F3Conversion of the Convertible Debenture into common stock occurs automatically when certain conditions are met as more fully described in the Amended and Restated First Tranche Collateralized Convertible Senior Debenture issued as of March 31, 2014.
F4The Company recently updated its Trust accounting for the Employee Stock Ownership Plan for the years 2010 through 2014.