COLOMBIA ENERGY RESOURCES, INC. 4
4 · COLOMBIA ENERGY RESOURCES, INC. · Filed Mar 18, 2013
Insider Transaction Report
Form 4
LIFE Power & Fuels LLC
10% Owner
Transactions
- Award
Common Stock
2013-03-15$0.08/sh+30,000$2,400→ 11,631,101 total
Holdings
- 2,800
Warrants
Exercise: $0.01From: 2011-06-02Exp: 2016-05-31→ Common Stock (2,800 underlying) - 34,800
Warrants
Exercise: $0.01From: 2010-12-21Exp: 2016-05-31→ Common Stock (32,000 underlying) - 11,601,101
Common Stock
- 8,000
Series A Preferred Stock
Exercise: $10.00→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Each share of Series A Preferred Stock is convertible into five shares of common stock, and is convertible at any time without expiration.
- [F2]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.