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5//SEC Filing

GRENLEY ROBERT W 5

Accession 0001144204-12-009916

CIK 0000700764other
View on SEC.govCompany Profile

Filed

Feb 16, 7:00 PM ET

Accepted

Feb 17, 7:44 PM ET

Size

17.4 KB

Accession

0001144204-12-009916

Insider Transaction Report

Form 5
Period: 2011-12-31
VICTORY ENERGY CORPVYEYD
GRENLEY ROBERT W
Director
Transactions
  • Purchase

    Warrants

    2011-03-07+10,000→ 2,710,000 total
    Exercise: $0.01From: 2011-03-07Exp: 2016-03-07→ Common Stock (10,000 underlying)
  • Purchase

    10% Senior Secured Convertible Debenture

    2011-03-07$10000.00/sh+2,000,000$20,000,000,000→ 2,700,000 total
    Exercise: $0.01From: 2011-03-07Exp: 2013-09-30→ Common Stock (2,000,000 underlying)
  • Award

    Warrants

    2011-06-30+300,000→ 3,310,000 total
    Exercise: $0.01From: 2011-06-30Exp: 2016-06-30→ Common Stock (300,000 underlying)
  • Award

    Warrants

    2011-12-31+300,000→ 3,910,000 total
    Exercise: $0.01From: 2011-12-31Exp: 2016-12-31→ Common Stock (300,000 underlying)
  • Award

    Warrants

    2011-03-31+300,000→ 3,010,000 total
    Exercise: $0.01From: 2011-03-31Exp: 2016-03-31→ Common Stock (300,000 underlying)
  • Award

    Warrants

    2011-09-30+300,000→ 3,610,000 total
    Exercise: $0.01From: 2011-09-30Exp: 2016-09-30→ Common Stock (300,000 underlying)
Footnotes (3)
  • [F1]The reporting person participated in the Issuer's private placement of 450 Units to certain qualified investors. Each Unit is comprised of (i) a $10,000 principal amount 10% Senior Secured Convertible Debenture, and (ii) a five-year warrant to purchase 10,000 shares of common stock. The Units are being offered at a purchase price of $10,000 per Unit. The reporting person purchased a total of 1 Unit during the fiscal year 2011 for a total purchase price of $10,000.
  • [F2]Warrants issued as part of the Units.
  • [F3]Warrants awarded for Mr. Grenley's service on the board of directors. Under the directors' compensation program, each board member earns 100,000 Warrants per month, which are awarded at the end of each quarter. The directors receive no other compensation for their service on the board.

Documents

1 file

Issuer

VICTORY ENERGY CORP

CIK 0000700764

→
Entity typeother

Related Parties

1
  • filerCIK 0001517877

Filing Metadata

Form type
5
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 7:44 PM ET
Size
17.4 KB
View on SEC.gov