4//SEC Filing
SCHMID HORST A 4
Accession 0001213900-19-018576
CIK 0000869495other
Filed
Sep 19, 8:00 PM ET
Accepted
Sep 20, 6:50 PM ET
Size
9.6 KB
Accession
0001213900-19-018576
Insider Transaction Report
Form 4
SCHMID HORST A
Director
Transactions
- Other
Stock Option (Expired)
2019-09-19$0.38/sh−600,000$228,000→ 1,200,000 totalExercise: $0.38Exp: 2019-09-19→ Common Stock (600,000 underlying) - Other
Stock Option (Expired)
2019-09-19$0.38/sh−1,200,000$456,000→ 0 total(indirect: See footnote)Exercise: $0.38Exp: 2019-09-19→ Common Stock (1,200,000 underlying)
Footnotes (4)
- [F1]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 outstanding options. These options have now expired unexercised.
- [F2]On September 19, 2014, the Issuer's Board granted Portwest Investments Ltd., options to purchase 1,200,000 shares of common stock at an exercise price of $0.38 per common share, with one-half vesting immediately and one-half vesting on September 19, 2015, with a five-year life from the original grant date. Portwest Investments Ltd. has not exercised any of these outstanding options. These options have now expired unexercised.
- [F3]As of September 19, 2019, the Reporting Person beneficially owns 3,651,428 shares (non-derivative securities) of the Issuer's common stock, of which (i) 235,714 shares are held directly; and (ii) 2,565,714 shares are held indirectly by Portwest Investments Ltd. and another 850,000 shares are held indirectly by Trans World Factors Inc., both of which are private corporations 100% owned by the Reporting Person.
- [F4]Portwest Investments Ltd., is a company owned 100% by the Reporting Person, providing consulting services as President and Chief Executive Officer to the Issuer.
Documents
Issuer
DEEP WELL OIL & GAS INC
CIK 0000869495
Entity typeother
Related Parties
1- filerCIK 0001283429
Filing Metadata
- Form type
- 4
- Filed
- Sep 19, 8:00 PM ET
- Accepted
- Sep 20, 6:50 PM ET
- Size
- 9.6 KB