ENERGY PRODUCERS INC 4
4 · ENERGY PRODUCERS INC · Filed Aug 9, 2004
Insider Transaction Report
Form 4
FRYETT GREGG
DirectorChief Executive Officer10% Owner
Transactions
- Other
Common Stock
2004-08-02$0.08/sh+1,000,000$80,000→ 6,695,000 total - Other
Series B Preferred Stock
2004-08-02$0.00/sh+1,000,000$1,000→ 1,000,000 total - Other
Option
2004-08-09+2,000,000→ 2,000,000 totalExercise: $0.70From: 2005-01-15Exp: 2009-01-15→ Common Stock (2,000,000 underlying)
Holdings
- 2,000,000(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]Bonus Award in accordance with terms of Agreement for the Exchange of Common Stock between Energy Producers, Inc. and Firecreek Petroleum Inc.
- [F2]The shares are owned but are in escrow pending the satisfaction of certain conditions stated in the Agreement for Exchange of Common Stock between Energy Producers, Inc. and Firecreek Petroleum, Inc. and if such conditions are not satisfied, such shares will be returned to Treasury.
- [F3]The shares are restricted pursuant to Rule 144 and by board of directors resolution, and cannot be sold or hypothecated before January 1, 2006. The shares will be further subject to a voting agreement.
- [F4]Additional consideration per the terms of Agreement for the Exchange of Common Stock between Energy Producers, Inc. and Firecreek Petroleum, Inc.
- [F5]The option agreement is in escrow pending satisfaction of the conditions described in Note 2 above.