American Sands Energy Corp. 4
4 · American Sands Energy Corp. · Filed Jun 19, 2012
Insider Transaction Report
Form 4
GIBBS WILLIAM C
DirectorPres.CEO, Treasurer & Chairman10% Owner
Transactions
- Award
Options
2012-06-15+75,000→ 5,478,806 totalExercise: $1.15From: 2012-06-15Exp: 2017-06-15→ Common Stock (75,000 underlying)
Holdings
- 10,300,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]Mr. Gibbs is the Managing member of Bleeding Rock, LLC, a Delaware limited liability company that beneficially owns 10,300,000 shares of common stock of the Issuer. William C. Gibbs disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
- [F2]1/3 of options exercisable immediately; 1/3 exercisable 06/15/2013; remaining 1/3 exercisable 06/15/2014.
- [F3]Mr. Gibbs is the Managing member of Bleeding Rock, LLC, a Delaware limited liability company that beneficially owns 535,704 shares of common stock issuable upon conversion of a note of the Issuer. Mr. Gibbs is the Managing member of Hidden Peak Partners, LC, a Utah limited liability company that beneficially owns 2,893,102 shares of common stock issuable upon conversion of a note of the Issuer. William C. Gibbs disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.