VICTORY ENERGY CORP|5Feb 17, 7:44 PM ET

GRENLEY ROBERT W 5

5 · VICTORY ENERGY CORP · Filed Feb 17, 2012

Form 5

Period: 2011-12-31

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

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