TORCHLIGHT ENERGY RESOURCES INC 4
4 · TORCHLIGHT ENERGY RESOURCES INC · Filed Oct 7, 2016
Insider Transaction Report
Form 4
McAndrew Willard Greer III
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2016-10-05$1.57/sh+502,837$789,454→ 512,837 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-05−250,000→ 2,000,000 totalExercise: $1.57From: 2015-09-09Exp: 2019-06-11→ Common Stock (250,000 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2016-10-05−502,837→ 1,497,163 totalExercise: $1.57From: 2015-09-09Exp: 2019-06-11→ Common Stock (502,837 underlying)
Footnotes (3)
- [F1]These stock options were granted on June 11, 2015 but did not become exercisable until the issuer's 2015 stock option plan was approved by stockholders on September 9, 2015.
- [F2]Effective October 5, 2016, (i) the entire unvested portion of Mr. McAndrew?s stock options granted pursuant to his stock option agreement dated June 11, 2015 (the ?Stock Options?), amounting to 750,000 unvested Stock Options, became null and void, (ii) Mr. McAndrew surrendered for cancellation a total of 250,000 vested Stock Options, and (iii) the remaining Stock Options expire on June 11, 2019.
- [F3]Exercise of employee stock option.