SEC Form 4 · accession 0001213900-15-005838

DEEP WELL OIL & GAS INC · DWOG

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

Reporting owner

Malik Youyou

Director · 10% Owner

Period of report

Nov 18, 2014

Accepted (ET)

Aug 7, 2015 · 8:16 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000869495

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock	Nov 18, 2014	P	20,000	$0.20	A	113,233,294	D
Common Stock	Nov 20, 2014	P	76,866	$0.20	A	113,310,715	D
Common Stock	Nov 20, 2014	P	99,000	$0.20	A	113,409,715	D
Common Stock	Nov 24, 2014	P	20,000	$0.20	A	113,429,715	D
Common Stock	Nov 24, 2014	P	100,000	$0.20	A	113,529,715	D
Common Stock	Nov 25, 2014	P	8,545	$0.20	A	113,538,260	D
Common Stock	Nov 25, 2014	P	101,000	$0.20	A	113,639,206	D
Common Stock	Dec 3, 2014	P	73,522	$0.20	A	113,712,782	D
Common Stock	Dec 4, 2014	P	26,478	$0.20	A	113,739,260	D
Common Stock	Dec 4, 2014	P	53,490	$0.20	A	113,792,750	D
Common Stock	Dec 8, 2014	P	22,801	$0.20	A	113,815,551	D
Common Stock	Dec 9, 2014	P	30,000	$0.20	A	113,845,551	D
Common Stock	Dec 9, 2014	P	63,709	$0.20	A	113,909,260	D
Common Stock	Dec 10, 2014	P	66,134	$0.20	A	113,975,394	D
Common Stock	Apr 22, 2015	P	2,172	$0.10	A	113,977,566	D
Common Stock	May 21, 2015	P	233,550	$0.10	A	114,211,116	D
Common Stock	Jun 2, 2015	P	2,000	$0.10	A	114,213,116	D
Common Stock	Jun 4, 2015	P	2,375	$0.10	A	114,215,491	D
Common Stock	Jun 5, 2015	P	24,500	$0.10	A	114,239,991	D
Common Stock	Jun 11, 2015	P	59,000	$0.10	A	114,298,991	D
Common Stock	Jun 18, 2015	P	7,100	$0.10	A	114,306,091	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants for Common Shares^F1	—	Jul 28, 2015	J	7,833,766	D	Nov 9, 2010	Nov 23, 2016	Common Stock	7,833,766	64,494,804	D
Warrants for Common Shares^F2	—	Jul 28, 2015	J	11,750,648	D	Nov 23, 2012	Nov 23, 2016	Common Stock	11,750,648	52,744,156	D

Explanation of responses

F1Pursuant to a subscription agreement dated November 9, 2010, Deep Well Oil & Gas, Inc. (the "Company") completed a private placement with Mr. Malik Youyou, a director of the Company, of which warrants were issued. Each warrant entitles the holder the option to purchase one common share at a price of $0.105 for a period of three years from the date of closing. On July 28, 2015, the Company's Board approved that the expiry date of the warrants be extended from November 23, 2015 to November 23, 2016. In consideration for extending the expiry date of the warrants to November 23, 2016 the Company and Mr. Youyou agreed to reduce the number of warrants from 28,571,428 to 20,737,662 with the exercise price remaining the same as the original warrant and all other terms of the warrant remaining unchanged.
F2Pursuant to a subscription agreement dated November 23, 2012, the Company closed a private placement with Mr. Malik Youyou, a director of the Company, of which warrants were issued. Each warrant entitles the holder the option to purchase one common share at a price of $0.105 for a period of three years from the date of closing. On July 28, 2015, the Company's Board approved that the expiry date of these warrants be extended from November 23, 2015 to November 23, 2016. In consideration for extending the expiry date of the warrants to November 23, 2016 the Company and Mr. Youyou agreed to reduce the number of warrants from 42,857,142 to 31,106,494 with the exercise price remaining the same as the original warrant and all other terms of the warrant remaining unchanged.