SEC Form 4 · accession 0001104659-17-044543
HYPERDYNAMICS CORP · HDYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ray Leonard
Officer — CEO and President · Director
Period of report
Jul 7, 2017
Accepted (ET)
Jul 11, 2017 · 8:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000937136
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 7, 2017 | J | 43,083 | $1.21 | A | 491,677 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1% Series A Convertible Preferred StockF1 | $2.75 | Jul 7, 2017 | J | 50 | A | Jul 7, 2017 | — | Common Stock | 18,957 | 0 | D |
Explanation of responses
- F1The Series A Convertible Preferred Stock is convertible at a stated value of $1,040 per share plus any accrued but unpaid dividends into issuer's common stock at the option of the reporting person, in whole or in part, at a price per share equal to the lower of (i) $2.75 (subject to adjustment in certain circumstances), or (ii) 80% of the lowest closing price during 21 consecutive trading days ending on the trading day immediately prior to the conversion date, subject to a floor of $0.25 per share (which floor is subject to adjustment in certain circumstances). On July 7, 2017, the reporting person converted 50 shares of Series A Convertible preferred stock at a conversion price of $1.21 per share, resulting in the issuance to the reporting person 43,083 shares of the issuer's common stock.