4//SEC Filing
TORCHLIGHT ENERGY RESOURCES INC 4
Accession 0001140361-15-038276
CIK 0001431959operating
Filed
Oct 21, 8:00 PM ET
Accepted
Oct 22, 4:07 PM ET
Size
5.4 KB
Accession
0001140361-15-038276
Insider Transaction Report
Form 4
DEVEREAUX EDWARD J
Director
Transactions
- Award
Common Stock
2015-10-08$2.29/sh+21,834$50,000→ 58,834 total
Footnotes (1)
- [F1]On June 30, 2015, the issuer's Board of Directors approved paying its independent members $100,000 as director compensation, payable, at the election of each director, either (i) in common stock of the issuer, based upon the closing price of its common stock as of June 30, 2015, plus $0.05 (equaling $2.29 per share), (ii) in cash when funds are deemed available, or (iii) in a combination thereof. It was provided that if any director elected for the issuer to pay him in common stock, the issuance of such shares would be subject to stockholder approval. Edward Devereaux elected to receive $50,000 in cash when funds are available and $50,000 in common stock, amounting to 21,834 shares. Stockholders approved the issuance on September 9, 2015, and the issuer issued the shares on October 8, 2015.
Documents
Issuer
TORCHLIGHT ENERGY RESOURCES INC
CIK 0001431959
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001431959
Filing Metadata
- Form type
- 4
- Filed
- Oct 21, 8:00 PM ET
- Accepted
- Oct 22, 4:07 PM ET
- Size
- 5.4 KB