4//SEC Filing
EnerJex Resources, Inc. 4
Accession 0001181431-13-056822
$UAVSCIK 0000008504operating
Filed
Nov 4, 7:00 PM ET
Accepted
Nov 5, 3:56 PM ET
Size
12.4 KB
Accession
0001181431-13-056822
Insider Transaction Report
Form 4
Lowe R Atticus
10% Owner
Transactions
- Other
Common Stock
2012-10-22−9,013,359→ 5,800,562 total(indirect: Shares held by Montecito Venture Partners) - 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)
Holdings
- 2,417,660(indirect: By LLC)
Series A Preferred Stock
- 128,000(indirect: By IRA)
Common Stock
Footnotes (5)
- [F1]Pro rata liquidating distribution of Issuer's common stock from Montecito Venture Partners, LLC, of which Mr. Lowe is a member. The distribution effects only a change in the form of beneficial ownership and is therefore exempt from Section 16 pursuant to Rule 16a-13, and is being reported here for informational purposes only.
- [F2]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").
- [F3]Shares are held by Montecito Venture Partners, LLC, which Reporting Person serves on the Board of Managers.
- [F4]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.
- [F5]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.
Documents
Issuer
EnerJex Resources, Inc.
CIK 0000008504
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000008504
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 7:00 PM ET
- Accepted
- Nov 5, 3:56 PM ET
- Size
- 12.4 KB