MOONEY EDWARD P 4

Accession 0001441557-12-000047

CIK 0001045390other

View on SEC.gov Company Profile

Filed

Jun 3, 8:00 PM ET

Accepted

Jun 4, 2:19 PM ET

Size

15.5 KB

Accession

0001441557-12-000047

Insider Transaction Report

Form 4

Period: 2012-06-04

COLOMBIA ENERGY RESOURCES, INC.CERX

MOONEY EDWARD P

DirectorPresident & CEO10% Owner

Transactions

Award
Restricted Stock Units
2012-06-04+83,333→ 261,833 total
Exercise: $0.00→ Common Stock (83,333 underlying)

Holdings

Options
Exercise: $2.50From: 2010-12-28Exp: 2015-12-25→ Common Stock (50,000 underlying)
50,000
Common Stock
(indirect: See Footnote)
417,482
Restricted Stock Units
Exercise: $0.00From: 2012-05-08→ Common Stock (35,700 underlying)
178,500
Warrants
(indirect: By LLC)
Exercise: $0.01From: 2011-06-02Exp: 2016-05-31→ Common Stock (2,800 underlying)
142,800
Common Stock
(indirect: See Footnote)
11,899,479
Series A Preferred Stock
(indirect: By LLC)
From: 2011-06-02→ Common Stock (40,000 underlying)
140,000
Options
Exercise: $5.00From: 2010-12-28Exp: 2015-12-28→ Common Stock (50,000 underlying)
100,000

Footnotes (7)

[F1]Represents securities owned by LIFE Power & Fuels, LLC, a Delaware limited liability ("LIFE"). The Reporting Person is the Managing Member of LIFE, but disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
[F2]Represents common stock held by Edward P. and Teresa M. Mooney Revocable Living Trust.
[F3]Vesting: 3 years, 25% immediate and 25% on each anniversary for 3 years.
[F4]The Reporting Person received (i) 8,000 shares of Series A convertible preferred stock at a deemed purchase price of $10.00 per share, and (ii) warrants to purchase 2,800 shares of Common Stock at an exercise price of $0.01 per share, in consideration for the cancellation by the Issuer of a convertible promissory note issued to the Reporting Person in the principal amount of $80,000 due June 30, 2012.
[F5]Each share of Series A Preferred Stock is convertible into five shares of common stock, and is convertible at any time without expiration.
[F6]The restricted stock units ("RSUs") vested on May 8, 2012 and will expire at the end of the director's term. If the diretor resigns for cause or is removed for cause before the end of his term, the RSUs would lapse. However, if the director resigns for health or other appropriate reasons, his RSUs would vest immediately. The director is not permitted to sell the vested shares until he is no longer a director.
[F7]The restricted stock units ("RSUs") will vest on the date of the 2013 annual meeting of stockholders and will expire at the end of the director's term. If the diretor resigns for cause or is removed for cause before the end of his term, the RSUs would lapse. However, if the director resigns for health or other appropriate reasons, his RSUs would vest immediately. The director is not permitted to sell the vested shares until he is no longer a director.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

COLOMBIA ENERGY RESOURCES, INC.

CIK 0001045390

→

Entity typeother

Related Parties

filerCIK 0001143131

Filing Metadata

Form type: 4
Filed: Jun 3, 8:00 PM ET
Accepted: Jun 4, 2:19 PM ET
Size: 15.5 KB

View on SEC.gov