SABA PETROLEUM CO 4
4 · SABA PETROLEUM CO · Filed Feb 1, 1999
Insider Transaction Report
Form 4
Horizontal Ventures, Inc.
10% Owner
Transactions
- Purchase
Common Stock, $.001 par value
[1]1998-12-18$2.00/sh−2,971,766$5,943,532→ 3,385,098 total - Expiration (Short)
Right to Acquire Series A Convertible Preferred [3]
1998-12-06→ 0 totalExercise: $2.50→ Common Stock, $.001 par value (2,740,343 underlying) - Exercise Out-of-Money
Contract to Acquire Common Stock
1998-12-18→ 0 totalExercise: $6.00→ Common Stock, $.001 (2,976,765 underlying)
Holdings
- 691
Series A Convertible
Exercise: $2.50→ Common (299,657 underlying) - 98
Preferred Stock
- 568,200
Option to Acquire
Exercise: $2.04→ Common (568,200 underlying) - 99
Common Stock [4]
- 2,166,667
Contract to Acquire
Exercise: $3.00→ Common (2,166,667 underlying)
Footnotes (6)
- [1]On December 18, 1998 2,971,766 shares of Saba Common Stock were acquired from Saba Acquisub, Inc. pursuant to the previously reported Contract to Acquire Common Stock in exchange for the issuance to the shareholders of Saba Acquisub, Inc. of 1,340,000 shares of Horizontal Ventures, Inc. common stock.
- [2]1,340,000 shares of Horizontal Ventures, Inc. common stock.
- [3]Right to Buy 6,309 shares of Saba Series A Convertible Preferred Stock held by RGC International Investors LDC. This right expired on December 6, 1998.
- [4]Right to Buy 568,200 shares of Saba Common Stock held by International Publishing s.a.
- [5]In December 1998, the expiration date of this contract was extended to January 31, 1999.
- [6]On December 18, 1998 2,971,766 shares of Saba Common Stock were acquired from Saba Acquisub, Inc. pursuant to the previously reported Contract to Acquire Common Stock in exchange for the issuance to the shareholders of Saba Acquisub, Inc. of 1,340,000 shares of Horizontal Ventures, Inc. common stock.