Palmer Richard NMN 4

4 · Global Clean Energy Holdings, Inc. · Filed Jun 26, 2023

Form 4

Period: 2010-05-20

DirectorChief Executive Officer10% Owner

Transactions

Gift
Common Stock
2010-05-20−1,225,000→ 58,805,241 total
Gift
Common Stock
2011-05-04−20,000→ 58,785,241 total
Sale
Common Stock
2011-05-04$0.04/sh−11,000,000$455,400→ 47,785,241 total
Gift
Common Stock
2020-12-31−990,300→ 46,794,941 total
Gift
Common Stock
[F1]
2021-12-23−28,912→ 4,650,585 total
Award
Stock Option (right to buy)
[F2][F3]
2018-10-16+11,000,000→ 11,000,000 total
Exercise: $0.15Exp: 2023-10-15→ Common Stock (11,000,000 underlying)
Award
5% Convertible Note due October 15, 2020
[F4]
2018-10-16
Exercise: $0.15From: 2018-10-16Exp: 2020-10-15→ Common Stock (6,493,507 underlying)
Disposition to Issuer
5% Convertible Note due October 15, 2020
[F5]
2022-02-23
Exercise: $0.15From: 2018-10-16Exp: 2020-10-15→ Common Stock (6,493,507 underlying)
Award
5% Convertible Note due February 23, 2024
[F5][F6][F7]
2022-02-23
Exercise: $0.15From: 2022-02-23→ Common Stock (7,616,305 underlying)

Footnotes (7)

[F1]The Issuer effected a 1-for-10 reverse stock split of its Common Stock on March 26, 2021 (the Reverse Split).
[F2]The Stock Option originally covered 110,000,000 shares at an exercise price of $0.0154 but has been adjusted to reflect the Reverse Split.
[F3]The Reporting Person will vest, and can exercise the Stock Option, with respect to 40,000,000 shares when the market capitalization of the Issuer first reaches $7 million; another 40,000,000 shares will vest when the market capitalization of the Issuer first reaches $15 million; and the remaining 30,000,000 shares will vest when the market capitalization of the Issuer first reaches $25 million.
[F4]The Note originally provided for a conversion price of $0.0154 but has been adjusted to reflect the Reverse Split.
[F5]On February 23, 2022, the Issuer and the Reporting Person agreed to amend the Note that was originally issued on October 16, 2018, in order to, among other things, extend the maturity date.
[F6]The maturity date of the Note is the later of February 23, 2024 or the date that the Series C Preferred Shares of the Issuer have been redeemed in full pursuant to the Certificate of Designations of Series C Preferred Stock.
[F7]The amended Note provides that the maximum number of shares into which the Note may be converted is 7,616,305

Signature

/s/ Richard Palmer|2023-06-26

Documents

1 file