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4//SEC Filing

Lowe R Atticus 4

Accession 0001181431-12-051780

CIK 0001410056other
View on SEC.govCompany Profile

Filed

Sep 20, 8:00 PM ET

Accepted

Sep 21, 6:40 PM ET

Size

21.9 KB

Accession

0001181431-12-051780

Insider Transaction Report

Form 4
Period: 2012-09-12
GreenHunter Energy, Inc.GRH
WEST COAST OPPORTUNITY FUND LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2012-09-12+2,450,500→ 2,450,500 total
  • Purchase

    Series C Preferred Stock

    2012-09-12+345,000→ 345,000 total
  • Sale

    Series A Preferred Stock

    2012-09-12−5,978→ 0 total
    → Common Stock (1,711,832 underlying)
  • Conversion

    Series B Preferred Stock

    2012-09-12−9,802→ 0 total
    → Common Stock (2,450,500 underlying)
Holdings

  • Warrant

    Exercise: $2.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550

  • Warrant

    Exercise: $1.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550
WEST COAST ASSET MANAGEMENT INC
10% Owner
Transactions
  • Conversion

    Common Stock

    2012-09-12+2,450,500→ 2,450,500 total
  • Purchase

    Series C Preferred Stock

    2012-09-12+345,000→ 345,000 total
  • Sale

    Series A Preferred Stock

    2012-09-12−5,978→ 0 total
    → Common Stock (1,711,832 underlying)
  • Conversion

    Series B Preferred Stock

    2012-09-12−9,802→ 0 total
    → Common Stock (2,450,500 underlying)
Holdings

  • Warrant

    Exercise: $1.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550

  • Warrant

    Exercise: $2.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550
Orfalea Paul J
10% Owner
Transactions
  • Purchase

    Series C Preferred Stock

    2012-09-12+345,000→ 345,000 total
  • Conversion

    Series B Preferred Stock

    2012-09-12−9,802→ 0 total
    → Common Stock (2,450,500 underlying)
  • Sale

    Series A Preferred Stock

    2012-09-12−5,978→ 0 total
    → Common Stock (1,711,832 underlying)
  • Conversion

    Common Stock

    2012-09-12+2,450,500→ 2,450,500 total
Holdings

  • Warrant

    Exercise: $2.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550

  • Warrant

    Exercise: $1.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550
Helfert Lance W
10% Owner
Transactions
  • Conversion

    Series B Preferred Stock

    2012-09-12−9,802→ 0 total
    → Common Stock (2,450,500 underlying)
  • Conversion

    Common Stock

    2012-09-12+2,450,500→ 2,450,500 total
  • Purchase

    Series C Preferred Stock

    2012-09-12+345,000→ 345,000 total
  • Sale

    Series A Preferred Stock

    2012-09-12−5,978→ 0 total
    → Common Stock (1,711,832 underlying)
Holdings

  • Warrant

    Exercise: $2.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550

  • Warrant

    Exercise: $1.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550
Lowe R Atticus
10% Owner
Transactions
  • Purchase

    Series C Preferred Stock

    2012-09-12+345,000→ 345,000 total
  • Sale

    Series A Preferred Stock

    2012-09-12−5,978→ 0 total
    → Common Stock (1,711,832 underlying)
  • Conversion

    Common Stock

    2012-09-12+2,450,500→ 2,450,500 total
  • Conversion

    Series B Preferred Stock

    2012-09-12−9,802→ 0 total
    → Common Stock (2,450,500 underlying)
Holdings

  • Warrant

    Exercise: $2.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550

  • Warrant

    Exercise: $1.50Exp: 2014-01-31→ Common Stock (772,500 underlying)
    772,550
Footnotes (5)
  • [F1]Reporting Person entered into a Securities Exchange Agreement with Issuer, whereby Reporting Person (i) exchanged all of its shares of Series A Preferred Stock into 345,000 shares of 10% Series C Cumulative Preferred Stock, and (ii) exchanged all of its Series B Preferred Stock for 2,450,500 shares of Common Stock, which represented the number of such shares that would have been received by Reporting Person if Reporting Person had exercised its option to convert all of the Series B Preferred Stock on the Closing Date in accordance with Section 5(c) of the Series B Certificate of Designations at a conversion price of $4.00 per share.
  • [F2]May be converted at any time.
  • [F3]The Certificate of Designations for each of the Series A Preferred Stock and Series B Preferred Stock contained a "Blocker" provision preventing the Reporting Person from converting any shares of such stock into shares of common stock if and to the extent that such conversion would result in Reporting Person acquiring beneficial ownership of more than 9.99% of the outstanding shares of common stock.
  • [F4]The 5,978 shares of Series A Preferred Stock had a stated value of $1,000 per share, plus an aggregate of $2,581,162 of Series A added stated value (accrued interest added to the stated value pursuant to the certificate of designations of Series A Preferred Stock), for an aggregate stated value of $8,559,162, convertible into common stock at a conversion price of $5.00 per share. Therefore, the 5,978 shares of Series A Preferred Stock, with an aggregate stated value of $8,559,162, were convertible into 1,711,832 shares of common stock prior to execution of the Securities Exchange Agreement referred to in footnote 1.
  • [F5]The 9,802 shares of Series B Preferred Stock had a stated value of $1,000 per share and prior to the execution of the Securities Exchange Agreement referred to in footnote 1 were convertible into common stock at a conversion price of $7.50 per share. Pursuant to the Securities Exchange Agreement, the conversion price was amended to $4.00 per share. Therefore, the 9,802 shares of Series B Preferred Stock were convertible into 1,306,933 shares of common stock prior to execution of the Securities Exchange Agreement, and 2,450,000 shares immediately thereafter and upon conversion.

Documents

1 file

Issuer

GreenHunter Energy, Inc.

CIK 0001410056

→
Entity typeother

Related Parties

1
  • filerCIK 0001407604

Filing Metadata

Form type
4
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 6:40 PM ET
Size
21.9 KB
View on SEC.gov