4//SEC Filing
ARRATA SAID 4
Accession 0001213900-18-013373
CIK 0000869495other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 12:47 PM ET
Size
12.7 KB
Accession
0001213900-18-013373
Insider Transaction Report
Form 4
ARRATA SAID
Director
Transactions
- Exercise/Conversion
Common Shares
2018-06-10$0.05/sh+300,000$15,000→ 1,400,000 total - Tax Payment
Common Shares
2018-06-10$0.07/sh−214,286$15,000→ 1,185,714 total - Exercise/Conversion
Stock Option (right to acquire)
2018-06-10−300,000→ 0 totalExercise: $0.05Exp: 2018-06-20→ Common Stock (300,000 underlying) - Other
Stock Option (right to acquire)
2014-09-19$0.38/sh+0$0→ 600,000 totalExercise: $0.38Exp: 2019-09-19→ Common Stock (600,000 underlying)
Footnotes (3)
- [F1]On June 20, 2013, Deep Well Oil & Gas, Inc. (the "Issuer") granted non-qualified stock options to the reporting person to purchase up to 450,000 shares 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 an expiration date of June 20, 2018. In August of 2013, the reporting person exercised a portion of the June 20, 2016 non-qualified stock options for 150,000 shares of the Issuer's common stock, which such transaction was previously reported on Form 4.
- [F2]The transactions reported, in the above Table I rows 1 and 2 and Table II row 1, reflect the cashless exercise of the reporting persons stock options. As of June 10, 2018, the reporting person exercised 300,000 of the remaining non-qualified stock options issued on June 20, 2013 of which 214,286 common shares were withheld by the Issuer at the market price of $0.07 per common share to fund the cashless exercise. 85,714 common shares of the Issuer's common stock were issued to the reporting person as a result of this cashless exercise. Where the number of common shares deducted for the cashless exercise is a fraction, the number has been rounded to the nearest whole number of common shares. The cashless exercise was approved by the Board of the Issuer and a majority of shareholders under the Issuer's stock option plan as amended.
- [F3]On September 19, 2014, the Issuer's Board granted the reporting person, options to purchase 600,000 shares each of common stock at an exercise price of $0.38 per common share, with one-third vesting immediately, one-third vesting on September 19, 2015, and one-third vesting on September 19, 2016, each with a five-year life from the original grant date. The reporting person has not exercised any of these directly owned outstanding options. These options were previously disclosed on Form 4 and are again being disclosed in Table II row 2 of this Form 4.
Documents
Issuer
DEEP WELL OIL & GAS INC
CIK 0000869495
Entity typeother
Related Parties
1- filerCIK 0001529132
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 12:47 PM ET
- Size
- 12.7 KB