4//SEC Filing
HYDROCARB ENERGY CORP 4
Accession 0001214782-15-000228
CIK 0001425808operating
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 7:01 PM ET
Size
5.6 KB
Accession
0001214782-15-000228
Insider Transaction Report
Form 4
HERNDON S CHRIS
Director
Transactions
- Other
Common Stock
2015-11-16+10,211,166→ 10,211,166 total(indirect: Limited Voting Through Voting Agreements)
Footnotes (1)
- [F1]On or around August 25, 2015, Kent P. Watts and Christopher Watts (the "Watts") entered into voting agreements in favor of S. Chris Herndon, a member of the Board of Directors of the Registrant. Pursuant to the voting agreements, the Watts provided Mr. Herndon a voting proxy to vote all of the shares of common stock which they owned or may acquire in the future, to vote to elect or remove (as applicable) 66.6% of members of the Registrant's Board of Directors on any stockholder vote (i.e., 2 out of 3 directors). On November 16, 2015 the conditions to effectiveness of that agreement were removed, and the voting agreements went into effect. The voting rights remain in effect until the earlier of: (a) August 19, 2017; and (b) the due date of a certain convertible note which a company affiliated with Mr. Herndon (Duma Holdings, LLC) may choose to purchase from the Registrant in the future.
Documents
Issuer
HYDROCARB ENERGY CORP
CIK 0001425808
Entity typeoperating
Related Parties
1- filerCIK 0001425808
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 7:01 PM ET
- Size
- 5.6 KB