CULP TIM G 4
4 · PLATINUM ENERGY RESOURCES INC · Filed Apr 4, 2011
Insider Transaction Report
Form 4
CULP TIM G
DirectorChairman of the Board
Transactions
- Other
Common Stock
2011-03-17−314,395→ 1,801,581 total
Footnotes (1)
- [F1]1 In accordance with the terms of that certain Settlement Agreement and Release, executed and delivered March 17, 2011 but effective as of January 10, 2011, among Arthur W. Tifford, P.A., Arthur W. Tifford, personally, Tandem Energy Holdings, Inc., Tandem Energy Corporation, the Reporting Person and certain other persons and entities whose identities cannot be disclosed due to confidentiality obligations (the "Settlement Agreement"), the Reporting Person, Tandem Energy Holdings, Inc., Tandem Energy Corporation and certain other persons and entities whose identities cannot be disclosed due to confidentiality obligations agreed to transfer a total of 733,000 shares of the common stock of Platinum Energy Resources, Inc., a Delaware corporation (the "Issuer") to Arthur W. Tifford, P.A ("Plaintiff") and Shafer, Davis, O'Leary & Stoker. On March 21, 2011, the Reporting Person delivered 314,395 shares of the Issuer's common stock to Plaintiff.