4//SEC Filing
EnerJex Resources, Inc. 4
Accession 0001181431-13-055966
$UAVSCIK 0000008504operating
Filed
Oct 30, 8:00 PM ET
Accepted
Oct 31, 5:18 PM ET
Size
15.2 KB
Accession
0001181431-13-055966
Insider Transaction Report
Form 4
Helfert Lance W
10% Owner
Transactions
- Other
Common Stock
2013-10-23−1,624,250→ 4,176,312 total(indirect: By LLC) - Other
Common Stock
2013-09-27+40,404,740→ 52,217,209 total(indirect: By LLC) - Other
Common Stock
2013-10-22−9,013,359→ 5,800,562 total(indirect: By LLC)
Holdings
- 2,417,660(indirect: By LLC)
Series A Preferred Stock
- 53,577(indirect: By IRA)
Common Stock
- 32,146(indirect: By Trust)
Common Stock
- 42,065(indirect: By Children)
Common Stock
- 32,146(indirect: By Trust)
Common Stock
- 42,065(indirect: By Children)
Common Stock
Footnotes (5)
- [F1]Montecito Venture Partners, LLC made a pro rata distribution of Issuer's common stock to its members. The distribution effects only a change in the form of beneficial ownership and is therefore exempt from Section 16 of the Securities and Exchange Act of 1934.
- [F2]The 40,404,740 shares of Issuer common stock represents the number of shares of West Coast Opportunity Fund, LLC ("WCOF") is entitled to receive in exchange for 123,539,227 shares of common stock of Black Raven Energy, Inc. (BRE), in connection with that certain Agreement and Plan of Merger (the "Merger Agreement") dated July 23, 2013, by and among Issuer, WCOF, BRE, and BRE Merger Sub, Inc., which became effective on September 27, 2013. In the Merger Agreement, Issuer common stock was attributed a value of $0.70 per share.
- [F3]The calculation of shares is based upon an initial exchange ratio of 0.34791 shares of EnerJex common stock for each share of BRE common stock. This exchange ratio is subject to final adjustment pursuant to Section 2.1(d) of the Merger Agreement. The exchange ratio utilized in this Form 4 of 0.32706 shares of Issuer common stock in exchange for each share of BRE common stock is the exchange ratio set forth in the Merger Agreement adopted with the assumption that all BRE stockholders, other than WCOF, elect cash in the Merger. The final exchange ratio will not be determined until after the due date of this Form 4.
- [F4]Shares are held by West Coast Opportunity Fund, LLC for the benefit of its members. The members are the beneficial owners of the shares reported herein. Some of the members are affiliated with the Reporting Person. The investments held by West Coast Opportunity Fund are managed by West Coast Asset Management, Inc. (the "Investment Manager"). Reporting Person serves on the investment committee of the Investment Manager.
- [F5]Shares are held by Montecito Venture Partners, LLC, which Reporting Person serves on the Board of Managers.
Documents
Issuer
EnerJex Resources, Inc.
CIK 0000008504
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000008504
Filing Metadata
- Form type
- 4
- Filed
- Oct 30, 8:00 PM ET
- Accepted
- Oct 31, 5:18 PM ET
- Size
- 15.2 KB