4//SEC Filing
SILVER JACK 4
Accession 0001144204-11-003596
CIK 0001116734other
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 2:04 PM ET
Size
13.0 KB
Accession
0001144204-11-003596
Insider Transaction Report
Form 4
UNITED ENERGY CORP /NV/UNRG.OB
SILVER JACK
Director10% Owner
Transactions
- Purchase
Option to purchase Notes and Warrants
2011-01-21+0→ 0 total(indirect: See Footnote)Exp: 2011-06-30→ Common Stock (0 underlying) - Purchase
Warrant
2011-01-21+1,111,111→ 1,111,111 total(indirect: See Footnote)Exercise: $0.11Exp: 2016-01-21→ Common Stock (1,111,111 underlying) - Award
Warrant
2011-01-21+3,959,894→ 3,959,894 total(indirect: See Footnote)Exercise: $0.11Exp: 2016-01-21→ Common Stock (3,959,894 underlying) - Purchase
Secured Convertible Promissory Note
2011-01-21+1,111,111→ 1,111,111 total(indirect: See Footnote)Exercise: $0.09Exp: 2011-12-20→ Common Stock (1,111,111 underlying)
Footnotes (4)
- [F1]Immediately.
- [F2]The Warrant and the Secured Convertible Promissory Note were purchased for an aggregate amount of $100,000.00
- [F3]Held by Hilltop Holding Company LP, a limited partnership of which Mr. Silver is a general partner.
- [F4]Pursuant to an Agreement with United Energy Corp., dated January 21, 2011, Hilltop Holding Company L.P. may purchase at its option: (a) additional Secured Convertible Notes in the principal amount of up to $100,000.00 (the "Additional New Notes"), and (b) for each $10,000.00 of Additional New Notes purchased, additional Warrants to purchase 111,111 shares of the Company's Common Stock at an initial exercise price of $0.11 per share, for an aggregate purchase price equal to the principal amount of the Additional New Notes purchased. The Additional New Notes will be convertible at $0.09 per share.
Documents
Issuer
UNITED ENERGY CORP /NV/
CIK 0001116734
Entity typeother
Related Parties
1- filerCIK 0000922714
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 2:04 PM ET
- Size
- 13.0 KB