DEEP WELL OIL & GAS INC 4
4 · DEEP WELL OIL & GAS INC · Filed Aug 16, 2013
Insider Transaction Report
Form 4
DAS SATYA BRATA
Director
Transactions
- Exercise/Conversion
Common Shares
2013-08-12$0.05/sh+150,000$7,500→ 1,104,285 total - Exercise/Conversion
Common Shares
2013-08-12$0.10/sh+238,096$25,000→ 1,342,381 total(indirect: See Footnote) - Exercise/Conversion
Stock Option (right to acquire)
2013-08-12−150,000→ 1,464,285 totalExercise: $0.05Exp: 2018-06-20→ Common Stock (150,000 underlying) - Exercise/Conversion
Stock Option (right to acquire)
2013-08-12−238,096→ 1,226,189 total(indirect: See Footnote)Exercise: $0.10From: 2010-11-09Exp: 2013-11-09→ Common Stock (238,096 underlying)
Footnotes (2)
- [F1]Effective on June 20, 2013, Mr. Satya Brata Das was granted options to purchase 450,000 shares each of common stock at an exercise price of $0.05 per common share, 150,000 vesting immediately and the remaining vesting one-third on June 20, 2014, and one-third on June 20, 2015, with a five-year life. On August 12, 2013, Mr. Das exercised 150,000 stock options.
- [F2]Effective on November 9, 2010, Cambridge Strategies Inc. closed a private placement with the Issuer for an aggregate of 714,285 units at a price of US$0.07 per unit, for total gross proceeds of US$50,000. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of US$0.105 for a period of three years from the closing date. The warrants will expire on November 9, 2013. Cambridge Strategies Inc. is a company 50% owned by Mr. Das and 50% owned by his wife. On August 12, 2013, Cambridge Strategies Inc. exercised 238,096 of these warrants previously issued to Cambridge Strategies Inc. on November 9, 2010.