SEC Form 4 · accession 0001213900-18-010537
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
Jun 19, 2018
Accepted (ET)
Aug 9, 2018 · 12:09 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF2,F5 | Jun 19, 2018 | M | 300,000 | $0.05 | A | 10,072,194 | I | See footnote |
| Common SharesF5 | Jun 10, 2014 | P | 250,000 | $0.29 | A | 9,772,194 | I | See footnote |
| Common Shares | holding | — | — | — | 104,783,897 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to acquire)F2,F1 | $0.05 | Jun 19, 2018 | M | 300,000 | D | — | Jun 20, 2018 | Common shares | 300,000 | 0 | D |
| Stock Option (right to acquire)F3,F4 | $0.38 | Sep 19, 2014 | J | 0 | D | — | Sep 19, 2019 | Common shares | 600,000 | 600,000 | D |
Explanation of responses
- F1On June 20, 2013, the Issuer's Board granted Mr. Malik Youyou, options to purchase 450,000 shares each of common stock at an exercise price of $0.05 per share of common stock, with one-third vesting immediately, one-third vesting on June 20, 2014, and one-third vesting on June 20, 2015, each with a five-year life from the original grant date. In August of 2013, Mr. Malik Youyou exercised a portion of the June 20, 2016 non-qualified stock options for 150,000 shares of the Issuer's common stock, which such transaction was previously reported on Form 4.
- F2As of June 19, 2018, Mr. Malik Youyou exercised 300,000 of the remaining non-qualified stock options issued to him on June 20, 2013, and subsequently transferred them to Westline Enterprises Limited.
- F3The number of derivative securities owned after the transactions reported in Column 9 of Table II above includes all remaining outstanding derivative securities held by Mr. Malik Youyou, regardless of the type of derivative security the reporting person beneficially owns of the Issuer.
- F4On September 19, 2014, the Issuer's Board granted Mr. Malik Youyou, options to purchase 600,000 shares each of common stock at an exercise price of $0.38 per common share, with one-third vesting immediately, one-third vesting on September 19, 2015, and one-third vesting on September 19, 2016, each with a five-year life from the original grant date. These options were previously disclosed on Form 4.
- F5Westline Enterprises Limited, a company 100% owned by Mr. Malik Youyou.