BPZ RESOURCES, INC. 4
4 · BPZ RESOURCES, INC. · Filed Oct 8, 2013
Insider Transaction Report
Form 4
Spies Richard James
Chief Operating Officer
Transactions
- Purchase
8.5% Convertible Senior Notes due 2017
2013-10-04$100000.00/sh→ Common Stock
Footnotes (2)
- [F1]The initial conversion rate is 249.4866 shares of common stock per $1,000 principal amount of notes, subject to adjustment pursuant to the terms of the notes. This is equivalent to an initial conversion price of $4.01 per share of common stock.
- [F2]The notes are convertible by the holder (i) at any time prior to the close of business on the 2nd business day before the maturity date upon certain circumstances pursuant to the terms of the note, or (ii) at any time beginning on July 1, 2017 and ending at the close of business on the 2nd business before maturity date. The maturity date is October 1, 2017.