PYRAMID OIL CO 4
4 · PYRAMID OIL CO · Filed Oct 2, 2013
Insider Transaction Report
Form 4
HERMAN MICHAEL D
Director10% Owner
Transactions
- Purchase
Common Stock
2013-09-30$6.00/sh+195,592$1,173,552→ 1,709,001 total - Purchase
Common Stock
2013-09-30$6.00/sh+243,579$1,461,474→ 1,952,580 total
Footnotes (2)
- [F1]Reporting Person is a party to a stock purchase agreement with a shareholder of the Issuer, under which Reporting Person has agreed to purchase from the shareholder an aggregate of 195,592 shares of the Issuer's common stock beneficially owned by the shareholder, at $6.00 per share. Under the agreement, Reporting Person has agreed to purchase (i) 95,592 of the shares at an initial closing, and (ii) the remaining 100,000 of the 195,592 shares at a second closing on April 5, 2014, subject to certain closing conditions.
- [F2]Reporting Person is a party to another stock purchase agreement with two other shareholders of the Issuer, under which Reporting Person has agreed to purchase from such shareholders an aggregate of 243,579 shares of the Issuer's common stock beneficially owned by the shareholders at $6.00 per share.