GULFPORT ENERGY CORP 4
4 · GULFPORT ENERGY CORP · Filed Mar 3, 2005
Insider Transaction Report
Form 4
JACOBS JOSEPH
Other
Transactions
- Exercise of In-Money
Common Stock Warrants
2005-02-23−8→ 0 total(indirect: See footnote)Exercise: $1.19From: 2002-03-29Exp: 2012-03-29→ Common Stock (6,941 underlying) - Exercise of In-Money
Common Stock Warrants
2005-02-23−36,323→ 0 total(indirect: See footnote)Exercise: $1.19From: 2001-05-21Exp: 2006-05-21→ Common Stock (167,880 underlying) - Conversion
Common Stock
2005-02-23$1.19/sh+2,151,720$2,560,547→ 5,631,012 total(indirect: See footnote) - Exercise of In-Money
Common Stock Warrants
2005-02-23−2,361→ 0 total(indirect: See footnote)Exercise: $1.19From: 2002-03-29Exp: 2012-03-29→ Common Stock (1,983,840 underlying) - Conversion
Common Stock
2005-02-23$1.19/sh+15,966$19,000→ 54,634 total - Conversion
Common Stock
2005-02-23$1.19/sh+6,941$8,260→ 24,041 total(indirect: See footnote) - Exercise of In-Money
Common Stock Warrants
2005-02-23−19→ 0 totalExercise: $1.19From: 2002-03-29Exp: 2012-03-29→ Common Stock (15,966 underlying)
Footnotes (7)
- [F1]These shares are beneficially owned by seven entities (the "Wexford Entities") for which Wexford Capital LLC ("Wexford") serves as either investment manager, manager or sub-advisor. The Reporting Person is President, Managing Member and a controlling member of Wexford. The Reporting Person disclaims beneficial ownership of these shares for purposes of Rule 16(a)-(3)(a) promulgated under the Securities Exchange Act of 1934.
- [F2]These shares are beneficially owned by the Reporting Person's spouse and in accounts for the benefit of his children, of which the Reporting Person serves as custodian.
- [F3]These Warrants were issued in connection with the purchase of Units, each comprised of (i) one share of Cumulative Preferred Stock, Series A, par value $0.01 per share, and (ii) one warrant to initially acquire 250 shares of Common Stock, par value $0.01 per share of the Issuer, at a purchase price of $1,000 per Unit. The Warrants were subsequently affected by anti-dilution provisions giving the holder the right to acquire additional shares of Common Stock upon their exercise.
- [F4]These Warrants were initially acquired by Gulfport Funding LLC ("Gulfport"), a limited liability company managed by Wexford, in connection with a loan made by Gulfport to the Issuer. Gulfport was subsequently liquidated and its Warrants distributed to its members including the Wexford Entities.
- [F5]Such Warrants were owned by the Wexford Entities.
- [F6]Such Warrants were owned by the Reporting Person's spouse and in accounts for the benefit of his children, of which the Reporting Person serves as custodian.
- [F7]The purchase price was paid by the redemption of shares of Cumulative Preferred Stock, Series A, par value $0.01 per share, owned by the beneficial owners reported herein, at a price of $1,000 per share.