5//SEC Filing
DEER VALLEY CORP 5
Accession 0001133200-07-000001
CIK 0000095047operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 10:57 AM ET
Size
13.3 KB
Accession
0001133200-07-000001
Insider Transaction Report
Form 5
DEER VALLEY CORPDVLY
MASTERS CHARLES G
DirectorPRESIDENT & CEO
Transactions
- Other
COMMON STOCK
2006-07-19+354→ 1,730,354 total(indirect: By Spouse) - Other
SERIES A COMMON STOCK PURCHASE WARRANT
2006-08-11+2,024→ 35,358 total(indirect: By Spouse)Exercise: $1.50→ COMMON STOCK (2,024 underlying) - Conversion
SERIES B PREFERRED STOCK
2006-07-24−16,300→ 0 total→ COMMON STOCK (1,630,000 underlying) - Conversion
COMMON STOCK
2006-07-24+1,630,000→ 1,730,354 total
Footnotes (5)
- [F1]Received from issuer as a pro-rata dividend to all holders of Series A Convertible Preferred Stock.
- [F2]Includes 1,730,000 shares of common stock owned directly by the reporting person. The reporting person and his spouse both disclaim beneficial ownership of the other's securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F3]Each share of Series B Preferred Stock automatically converted into one hundred (100) shares of common stock upon the shareholders' approval of an increase in the authorized shares of the common stock of Deer Valley Corporation, which occurred on July 24, 2006.
- [F4]The Series A Common Stock Purchase Warrant was received from issuer as a contractually-mandated penalty in a pro-rata distribution to all holders of Series A Convertible Preferred Stock and is exerciseable in whole or in part for five years (5) from the date of grant, December 4, 2006, at a price of $1.50 per share.
- [F5]Includes a Series A Common Stock Purchase Warrant for 33,334 shares of common stock and a Series A Common Stock Purchase Warrant for 2,024 shares of common stock. In addition the reporting person indirectly beneficially owns, through his spouse, 2,500 shares of Series A Convertible Preferred Stock and a Series B Common Stock Purchase Warrant for 16,667 shares of common stock. The common shares underlying the derivative securities indirectly owned by the reporting person number 85,359. The reporting person and his spouse both disclaim beneficial ownership of the other's securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
DEER VALLEY CORP
CIK 0000095047
Entity typeoperating
Related Parties
1- filerCIK 0000095047
Filing Metadata
- Form type
- 5
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 10:57 AM ET
- Size
- 13.3 KB