GHERMEZIAN SYD 4
4 · PLATINUM ENERGY RESOURCES INC · Filed Jun 1, 2009
Insider Transaction Report
Form 4
GHERMEZIAN SYD
10% Owner
Transactions
- Other
Common Stock, par value $0.0001 per share
2009-06-01+4,193,521→ 5,167,940 total(indirect: See footnotes) - Other
Common Stock, par value $0.0001 per share
2009-05-28$0.50/sh+974,419$487,210→ 5,167,940 total(indirect: See footnotes) - Other
Warrants to purchase Common Stock, par value $0.0001/share
2009-06-01+5,544,300→ 5,544,300 total(indirect: See footnotes)Exercise: $6.00From: 2009-06-01Exp: 2009-10-23→ Common Stock, par value $0.0001 per share (5,544,300 underlying)
Footnotes (5)
- [F1]This filing is being made by Syd Ghermezian. On May 28, 2009, Pacific International Group Holdings LLC ("Pacific") purchased 974,419 shares of common stock, par value $0.0001 per share (the "Common Stock"), of Platinum Energy Resources Inc. in a private secondary market sale exempt from registration. (continued in footnote 2)
- [F2](continued from footnote 1) On June 1, 2009, Braesridge Energy LLC ("BEL") transferred to Pacific direct beneficial ownership with sole voting and dispositive power of 2,496,121 shares of Common Stock and Warrants to purchase and additional 5,544,300 shares of Common Stock. No actual funds were exchanged in this transfer between affiliates. (continued in footnote 3)
- [F3](continued from footnote 2) On June 1, 2009 Regent Venture V LLC ("Regent") transferred to Pacific direct beneficial ownership with sole voting and dispositive power of 1,697,400 shares of Common Stock. No actual funds were exchanged in this transfer between affiliates. In the aggregate, Pacific received from BEL and Regent 4,193,521 shares of Common Stock and Warrants to purchase an additional 5,544,300 shares of Common Stock.(continued in footnote 4)
- [F4](continued from footnote 3) The ultimate economic interest in Pacific is held by certain members of the Ghermezian family through their direct or indirect ownership of various entities that own Pacific. Syd Ghermezian is the Manager of Pacific. As such, Mr. Ghermezian may be deemed to be the indirect beneficial owner with shared voting and dispositive power of the shares of Common Stock and Warrants that Pacific may be deemed to directly beneficially own. Therefore, Mr. Ghermezian may be deemed to be the indirect beneficial owner with shared voting and dispositive power of 5,167,940 shares of Common Stock and Warrants to purchase an additional 5,544,300 shares of Common Stock. (continued in footnote 5)
- [F5](continued from footnote 4) Mr. Ghermezian may be regarded as part of a group with Pacific. However, Mr. Ghermezian disclaims beneficial ownership of the securities owned directly or indirectly by Pacific, except for his pecuniary interest therein. Mr. Ghermezian disclaims membership in any group. This filling shall not constitute an acknowledgement that Mr. Ghermezian is part of any group.