Yorktown XI Associates LLC 4
4 · Carbon Energy Corp · Filed Sep 18, 2018
Insider Transaction Report
Form 4
Yorktown XI Associates LLC
10% Owner
Transactions
- Exercise/Conversion
Common stock, par value $0.01 per share
2017-11-01+432,051→ 432,051 total(indirect: See Footnotes) - Exercise/Conversion
Warrant
2017-11-01−432,051→ 0 total(indirect: See Footnotes)From: 2017-04-03Exp: 2024-04-03→ Common Stock, par value $0.01 per share (432,051 underlying)
Footnotes (5)
- [F1]Shares received upon exercise of Warrant No. 2, issued on April 3, 2017 (the "CAC Warrant") to Yorktown Energy Partners XI, L.P. ("Yorktown XI").
- [F2]The consideration Yorktown XI paid for the full exercise of the CAC Warrant was the transfer and assignment to Carbon Natural Gas Company (the "Issuer") of 2,940 Class A Units of Carbon Appalachian Company, LLC, a Delaware limited liability company.
- [F3]These shares were inadvertently omitted from one Form 4 filed by the reporting person on April 9, 2018.
- [F4]These securities are directly owned by Yorktown XI. The reporting person is the sole general partner of Yorktown XI Company LP, the sole general partner of Yorktown XI.
- [F5]The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.