4//SEC Filing
TORCHLIGHT ENERGY RESOURCES INC 4
Accession 0001078782-13-002027
CIK 0001431959operating
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 6:05 PM ET
Size
10.8 KB
Accession
0001078782-13-002027
Insider Transaction Report
Form 4
WURTELE ROGER N
Chief Financial Officer
Transactions
- Gift
STOCK OPTIONS
2013-10-10−300,000→ 0 totalExercise: $2.09From: 2013-10-10Exp: 2018-10-10→ COMMON STOCK (300,000 underlying) - Award
STOCK OPTIONS
2013-10-10+300,000→ 300,000 totalExercise: $2.09From: 2013-10-10Exp: 2018-10-10→ COMMON STOCK (300,000 underlying) - Gift
STOCK OPTIONS
2013-10-10+300,000→ 300,000 total(indirect: SEE FOOTNOTE)Exercise: $2.09From: 2013-10-10Exp: 2018-10-10→ COMMON STOCK (300,000 underlying)
Footnotes (4)
- [F1]100,000 OF THE STOCK OPTIONS VESTED ON OCTOBER 10, 2013, 100,000 WILL VEST ON THE FIRST ANNIVERSARY OF MR. WURTELE'S EMPLOYMENT WITH THE ISSUER, AND 100,000 WILL VEST ON THE SECOND ANNIVERSARY OF HIS EMPLOYMENT WITH THE ISSUER.
- [F2]EXECUTIVE COMPENSATION.
- [F3]MR. WURTELE GIFTED THE STOCK OPTIONS TO BIRCH GLEN INVESTMENTS LTD., A LIMITED PARTNERSHIP (THE "LIMITED PARTNERSHIP").
- [F4]MR. WURTELE HOLDS A PECUNIARY INTEREST IN THE STOCK OPTIONS THAT ARE OWNED BY THE LIMITED PARTNERSHIP. HE AND HIS WIFE TOGETHER HOLD A 60% LIMITED PARTNERSHIP INTEREST IN THE LIMITED PARTNERSHIP. THE GENERAL PARTNER AND 2% OWNER OF THE LIMITED PARTNERSHIP IS A LIMITED LIABILITY COMPANY OF WHICH HE AND HIS WIFE HOLD A 98% INTEREST. THIS FILING SHALL NOT BE DEEMED AN ADMISSION THAT MR. WURTELE IS, FOR PURPOSES OF SECTION 16 OF THE SECURITIES EXCHANGE ACT OF 1934 OR OTHERWISE, THE BENEFICIAL OWNER OF HIS WIFE'S INTEREST IN THE LIMITED PARTNERSHIP OR ANY OTHER INTEREST IN THE LIMITED PARTNERSHIP NOT HELD BY MR. WURTELE.
Documents
Issuer
TORCHLIGHT ENERGY RESOURCES INC
CIK 0001431959
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001431959
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 6:05 PM ET
- Size
- 10.8 KB