4//SEC Filing
Wafford Thimothy S 4
Accession 0001010549-12-000667
CIK 0001066551other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 6:23 PM ET
Size
7.9 KB
Accession
0001010549-12-000667
Insider Transaction Report
Form 4
Wafford Thimothy S
Chief Operating Officer
Transactions
- Other
Convertible Promissory Note
2012-06-04+12,729,481→ 12,729,481 totalExercise: $0.20From: 2012-06-04→ Common Stock (12,729,481 underlying) - Award
Common Stock
2012-06-07+14,062→ 2,348,198 total
Footnotes (4)
- [F1]On June 4, 2012, the Company issued a convertble promissory note in satisfaction of amounts owed ($2,545,896.10) to the reporting person under his employment agreement. The note has a 6 month term and is convertible into common stock. The note accrues interest which is also convertible into common stock.
- [F2]$0.20 per share prior to the maturity date and after the maturity date a price per share equal to 85% of the closing price per share on the date immediately preceding the notice to convert.
- [F3]This number is calculated assuming a $0.20 conversion price and excludes any accrued interest which may be paid in common stock at the same conversion price. This number may change if paid after maturity depending on the conversion rate.
- [F4]The note may be converted at lender's sole discretion at any time until the promissory note is paid in full.
Documents
Issuer
SUN RIVER ENERGY, INC
CIK 0001066551
Entity typeother
Related Parties
1- filerCIK 0001497631
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 6:23 PM ET
- Size
- 7.9 KB