GIBBS WILLIAM C 4
4 · American Sands Energy Corp. · Filed Feb 23, 2012
Insider Transaction Report
Form 4
GIBBS WILLIAM C
DirectorPres.CEO, Treasurer & Chairman10% Owner
Transactions
- Other
Convertible Note
2012-01-24$1446551.00/sh+2,893,102$4,185,019,591,202→ 3,428,806 total(indirect: By LLC)Exercise: $0.50From: 2012-01-24Exp: 2013-01-24→ Common Stock (2,893,102 underlying) - Other
Convertible Note
2012-01-31$1446551.00/sh−2,893,102$4,185,019,591,202→ 535,704 total(indirect: By LLC)Exercise: $0.50From: 2012-01-31Exp: 2013-01-24→ Common Stock (2,893,102 underlying) - Other
Convertible Note
2012-01-31$1446551.00/sh+2,893,102$4,185,019,591,202→ 3,428,806 total(indirect: By LLC)Exercise: $0.50From: 2012-01-31Exp: 2013-01-24→ Common Stock (2,893,102 underlying)
Holdings
- 10,300,000(indirect: By LLC)
Common Stock
- 1,975,000
Options
Exercise: $0.20From: 2011-06-03Exp: 2018-03-31→ Common Stock (1,975,000 underlying)
Footnotes (3)
- [F1]Mr. Gibbs is the Managing member of Bleeding Rock, LLC, a Delaware limited liability company that beneficially owns 10,300,000 shares of common stock of the Issuer. William C. Gibbs disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
- [F2]Mr. Gibbs is the Managing member of Bleeding Rock, LLC, a Delaware limited liability company that beneficially owns 535,704 shares of common stock issuable upon conversion of a note of the Issuer. William C. Gibbs disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
- [F3]Mr. Gibbs is the Managing member of Hidden Peak Partners, LC, a Utah limited liability company that beneficially owns 2,893,102 shares of common stock issuable upon conversion of a note of the Issuer. William C. Gibbs disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.