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4//SEC Filing

CANARGO ENERGY CORP 4

Accession 0000919574-07-003098

CIK 0000310316operating
View on SEC.govCompany Profile

Filed

Jun 11, 8:00 PM ET

Accepted

Jun 12, 1:23 PM ET

Size

27.3 KB

Accession

0000919574-07-003098

Insider Transaction Report

Form 4
Period: 2007-06-05
CANARGO ENERGY CORPCNR
PERSISTENCY CAPITAL, LLC
10% Owner
Transactions
  • Other

    Note Convertible into Common Stock

    2007-06-05−5,000,000→ 0 total
    Exercise: $1.00From: 2006-06-28Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
  • Other

    Warrant to Purchase Common Stock

    2007-06-05+5,000,000→ 5,000,000 total
    Exercise: $1.00Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
Holdings

  • Common Stock

    256,600

  • Note Convertible into Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0

  • Common Stock

    (indirect: Held by Persistency Private Equity Limited)
    500,000

  • Common Stock

    (indirect: Held by Andrew Morris)
    32,500

  • Note Convertible into Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0

  • Warrant to Purchase Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0

  • Warrant to Purchase Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0
Morris Andrew
10% Owner
Transactions
  • Other

    Warrant to Purchase Common Stock

    2007-06-05+5,000,000→ 5,000,000 total
    Exercise: $1.00Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
  • Other

    Note Convertible into Common Stock

    2007-06-05−5,000,000→ 0 total
    Exercise: $1.00From: 2006-06-28Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
Holdings

  • Common Stock

    (indirect: Held by Andrew Morris)
    32,500

  • Note Convertible into Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0

  • Warrant to Purchase Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0

  • Common Stock

    (indirect: Held by Persistency Private Equity Limited)
    500,000

  • Common Stock

    256,600

  • Warrant to Purchase Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0

  • Note Convertible into Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0
Persistency Private Equity LTD
10% Owner
Transactions
  • Other

    Note Convertible into Common Stock

    2007-06-05−5,000,000→ 0 total
    Exercise: $1.00From: 2006-06-28Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
  • Other

    Warrant to Purchase Common Stock

    2007-06-05+5,000,000→ 5,000,000 total
    Exercise: $1.00Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
Holdings

  • Common Stock

    256,600

  • Common Stock

    (indirect: Held by Persistency Private Equity Limited)
    500,000

  • Warrant to Purchase Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0

  • Note Convertible into Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0

  • Note Convertible into Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0

  • Common Stock

    (indirect: Held by Andrew Morris)
    32,500

  • Warrant to Purchase Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0
PERSISTENCY
10% Owner
Transactions
  • Other

    Warrant to Purchase Common Stock

    2007-06-05+5,000,000→ 5,000,000 total
    Exercise: $1.00Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
  • Other

    Note Convertible into Common Stock

    2007-06-05−5,000,000→ 0 total
    Exercise: $1.00From: 2006-06-28Exp: 2009-09-01→ Common Stock (5,000,000 underlying)
Holdings

  • Warrant to Purchase Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0

  • Common Stock

    256,600

  • Common Stock

    (indirect: Held by Andrew Morris)
    32,500

  • Warrant to Purchase Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2008-06-28→ Common Stock (12,500,000 underlying)
    0

  • Common Stock

    (indirect: Held by Persistency Private Equity Limited)
    500,000

  • Note Convertible into Common Stock

    (indirect: Footnote)
    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0

  • Note Convertible into Common Stock

    Exercise: $1.00From: 2006-12-28Exp: 2010-06-28→ Common Stock (10,000,000 underlying)
    0
Footnotes (6)
  • [F1]The reported securities are directly owned by Persistency.
  • [F2]The reported securities are directly owned by Persistency Private Equity Ltd. and may be deemed to be beneficially owned by Persistency Capital, LLC as the investment manager of Persistency Private Equity Ltd. and Andrew J. Morris, managing member of Persistency Capital, LLC. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
  • [F3]These securities are owned by Andrew J. Morris.
  • [F4]Pursuant to that certain Conversion Agreement between Persistency, Canargo Energy Corporation ("Canargo") and certain holders of Canargo's senior secured notes due July 25, 2009 (the "Agreement"), dated June 5, 2007, as of the effective time of the Agreement, these reported securities were converted into 2,000,000 shares of common stock of Tethys Petroleum Limited and 5,000,000 warrants to purchase common stock of Canargo, which will be exercisable June 12, 2008.
  • [F5]The reported securities are directly owned by Persistency and may be deemed beneficially owned by Persistency Capital, LLC as the investment manager of Persistency and Andrew J. Morris, managing member of Persistency Capital, LLC. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
  • [F6]These warrants will be exercisable June 12, 2008.

Documents

1 file

Issuer

CANARGO ENERGY CORP

CIK 0000310316

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000310316

Filing Metadata

Form type
4
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 1:23 PM ET
Size
27.3 KB
View on SEC.gov