Allaire Bruno P. 4
4 · FOOTHILLS EXPLORATION, INC. · Filed Jun 27, 2018
Insider Transaction Report
Form 4
Allaire Bruno P.
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2018-06-23$0.15/sh+795,333$119,300→ 795,333 total
Footnotes (2)
- [F1]On June 23, 2018, Bruno P. Allaire elected to exercise his right to convert $110,300 of his accrued, through April 30, 2018, but unpaid salary into 795,333 shares of restricted common stock of the Company.
- [F2]Represents a closing price of our common stock on May 9, 2018, the day the FTXP Board of Directors granted all executive officers and directors of the Company the right to convert part or all of their respective accrued unpaid salaries for 2017 and year-to-date through April 30, 2018, into shares of restricted common stock of the Company. See our Current Report 8-K filed with SEC on May 22, 2018.