5//SEC Filing
Gad Morris 5
Accession 0001140361-11-007540
CIK 0001397346other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:48 PM ET
Size
14.9 KB
Accession
0001140361-11-007540
Insider Transaction Report
Form 5
Gad Morris
10% Owner
Transactions
- Purchase
Common Stock
2010-12-16+2,713,667→ 5,151,167 total - Other
Common Stock Purchase Warrant
2009-11-27+1→ 1 totalExercise: $0.10From: 2009-11-27Exp: 2014-11-26→ Common Stock (600,000 underlying) - Other
Series A Preferred Stock
2010-03-31+16,474→ 324,830 totalFrom: 2010-03-31→ Common Stock (41,185 underlying) - Other
Common Stock Purchase Warrant
2011-01-13+1→ 1 totalExercise: $0.10From: 2011-01-13Exp: 2016-01-12→ Common Stock (5,427,334 underlying) - Other
Series A Preferred Stock
2009-12-31+15,638→ 308,356 totalFrom: 2009-12-31→ Common Stock (39,093 underlying)
Footnotes (3)
- [F1]The Company issued the shares and the common stock purchase warrant in lieu of paying accrued interest of $271,367 on a certificate of deposit posted by the Reporting Person with a financial institution which provided credit to the company.
- [F2]Received from the Company, together with a 20% interest in one of its subsidiaries and an assignment of a short term lease, in consideration of Reporting Person advancing $50,000 for the benefit of the Company.
- [F3]Granted by the Company as a payment in kind to holders of Series A Preferred Stock. The Series A Preferred Stock has a stated value of $10 per share, and is to be redeemed by the Company using not less than 25% of its net income each year. The unredeemed face value may be converted by the holder at $4.00 per share, or by the Company at $4.00 per share if the common stock closes at $9.60 or higher for more than twenty consecutive days.
Documents
Issuer
BEST ENERGY SERVICES, INC.
CIK 0001397346
Entity typeother
Related Parties
1- filerCIK 0001449258
Filing Metadata
- Form type
- 5
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:48 PM ET
- Size
- 14.9 KB