4//SEC Filing
TORCHLIGHT ENERGY RESOURCES INC 4
Accession 0000899243-17-010059
CIK 0001431959operating
Filed
Apr 11, 8:00 PM ET
Accepted
Apr 12, 3:34 PM ET
Size
11.6 KB
Accession
0000899243-17-010059
Insider Transaction Report
Form 4
McCabe Greg
10% Owner
Transactions
- Award
Common Stock
2017-01-30+3,301,739→ 10,264,335 total - Disposition to Issuer
Warrants
2017-01-30−521,739→ 0 total(indirect: See Footnote)Exercise: $1.40From: 2015-06-19Exp: 2020-06-09→ Common Stock (521,739 underlying) - Disposition to Issuer
Warrants
2017-01-30−1,500,000→ 0 total(indirect: See Footnote)Exercise: $1.00From: 2016-04-04Exp: 2021-04-04→ Common Stock (1,500,000 underlying)
Holdings
- 797,099(indirect: See Footnote)
Common Stock
Footnotes (6)
- [F1]Securities were issued to the reporting person as consideration for the cancellation of the reporting person's membership interests in Line Drive Energy, LLC as a result of a merger of Torchlight Acquisition Corporation, a wholly owned subsidiary of the issuer, with and into Line Drive Energy, LLC.
- [F2]Securities owned of record by G Mc Exploration, LLC, in which the reporting person owns 50% of the outstanding membership interests.
- [F3]Reporting person received 3,301,739 shares of Common Stock as consideration for the cancellation of his membership interests in Line Drive Energy, LLC and the accompanying disposition of his indirect beneficial ownership of the warrants held by Line Drive Energy, LLC pursuant to the merger described in (1) above.
- [F4]The reporting person assigned these warrants to Line Drive Energy, LLC prior to the transaction described in in (1) above; at the time of assignment, the reporting person was the sole owner of Line Drive Energy, LLC.
- [F5]Wolfbone Investments, LLC arranged for the cancellation of the warrants as part of the consideration paid for the purchase of certain oil and gas interests by Torchlight Energy, Inc., a wholly owned subsidiary of the issuer; the reporting person is the sole owner of both Wolfbone Investments, LLC and McCabe Petroleum Corporation.
- [F6]Securities owned of record by McCabe Petroleum Corporation, of which the reporting person is the sole owner.
Documents
Issuer
TORCHLIGHT ENERGY RESOURCES INC
CIK 0001431959
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001431959
Filing Metadata
- Form type
- 4
- Filed
- Apr 11, 8:00 PM ET
- Accepted
- Apr 12, 3:34 PM ET
- Size
- 11.6 KB