4//SEC Filing
McCabe Greg 4
Accession 0000897423-20-000125
CIK 0001431959other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 7:04 PM ET
Size
7.8 KB
Accession
0000897423-20-000125
Insider Transaction Report
Form 4
McCabe Greg
10% Owner
Transactions
- Purchase
Common Stock
2020-12-18$0.46/sh+1,630,434$750,000→ 11,894,769 total - Award
Common Stock
2020-11-11$0.32/sh+313,480$100,000→ 3,126,960 total(indirect: See Footnote)
Holdings
- 797,009(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]The reporting person purchased shares of the issuer's common stock in a private, off-market purchase from another shareholder of the issuer.
- [F2]On November 11, 2020, McCabe Petroleum Corporation, of which the reporting person is the sole owner ("MPC"), entered into a letter agreement with Warwink Properties, LLC, a wholly-owned subsidiary of the issuer ("Warwink"), and MECO IV, LLC ("MECO"), whereby MECO agreed to purchase certain respective interests from MPC and Warwink for an aggregate purchase price (subject to potential adjustment) of $450,000, $100,000 of which was allocable to MPC. MPC agreed to accept 313,480 shares of the issuer's common stock as consideration for its agreement to allow such $100,000 cash payment to be made directly from MECO to Warwink.
- [F3]By MPC (of which the reporting person is the sole owner).
- [F4]By G Mc Exploration, LLC (of which the reporting person is the 50% owner).
Documents
Issuer
TORCHLIGHT ENERGY RESOURCES INC
CIK 0001431959
Entity typeother
Related Parties
1- filerCIK 0001643337
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 7:04 PM ET
- Size
- 7.8 KB