DAYBREAK OIL & GAS INC 4
4 · DAYBREAK OIL & GAS INC · Filed Feb 2, 2010
Insider Transaction Report
Form 4
WESTMORELAND JAMES F
DirectorPresident and CEO, Director
Transactions
- Award
Warrant (right to buy)
2010-01-29$0.14/sh+1$0→ 1 totalExercise: $0.14From: 2010-01-29Exp: 2015-01-29→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]On January 29, 2010, in connection with a Private Placement of 12% Subordinated Notes Due 2015 (the "Notes"), Daybreak issued Warrants to accredited investors to purchase two shares of Daybreak's common stock for every $1.00 principal amount of Notes purchased by the Investor. These Warrants are exercisable for five years from the date of issuance, at an exercise price of $0.14 per share of common stock. Mr. Westmoreland, an accredited investor, purchased $250,000 of Daybreak's Notes and was issued a Warrant for the right to purchase 500,000 shares of common stock, at an exercise price of $0.14 per share, with an expiration date of January 29, 2015.