4//SEC Filing
TIDELANDS OIL & GAS CORP 4
Accession 0000909334-05-000182
CIK 0001088881other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 2:45 PM ET
Size
29.0 KB
Accession
0000909334-05-000182
Insider Transaction Report
Form 4
IMPACT INTERNATIONAL L L C
10% Owner
Transactions
- Sale
Common Stock
2005-06-03$1.67/sh−5,000$8,350 - Sale
Common Stock
2005-06-03$1.72/sh−12,000$20,640 - Sale
Common Stock
2004-06-06$1.65/sh−1,000$1,650 - Sale
Common Stock
2005-06-06$1.62/sh−500$810 - Sale
Common Stock
2005-06-03$1.75/sh−11,000$19,250 - Sale
Common Stock
2005-06-03$1.73/sh−2,000$3,460
Footnotes (2)
- [F1]Impact International is the beneficial owner as that term is used in Section 4(b)(v) of the General Instructions for filing of Form 4. Impact International is owned sixty-eight perent (68%) by Impact Partners, L.L.C., an Oklahoma limited liability company ("Impact Partners"), and thirty-two percent (32%) by Ramiiilaj, A Limited Partnership ("Ramiiilaj"). Impact Partners acquired its ownership in Impact International from Impact Energy, LLC effective December 31, 2004. With certain exceptions, the owners of Impact International have agreed that all net proceeds of the Warrant and underlying Common Stock received by Impact International will be allocated and distributed to Ramiiilaj until it receives repayment of certain loans it has made to Impact International and thereafter will be allocated and distributed 75% to Ramiiilaj and 25% to Impact Partners.
- [F2]The right of Impact Partners to receive future allocations and distributions has been assigned to the following individuals in the percentages shown: Donald T. Jacobson - forty-five percent (45%), Larry D. Woodson - twenty-three percent (23%), Gregory L. Brooks - fourteen percent (14%), Robert A. Shain - nine percent (9%), and Chris K. Corcoran - nine percent (9%). Each of the foregoing percentages has been rounded up or down to the nearest percent. Ramiiilaj is owned 99.7% by Robert A. Hefner III. The address for each of the foregoing persons is as set forth above for Impact.
Documents
Issuer
TIDELANDS OIL & GAS CORP
CIK 0001088881
Entity typeother
IncorporatedNV
Related Parties
1- filerCIK 0001088881
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 2:45 PM ET
- Size
- 29.0 KB