Hemb Alex M. 4
4 · FOOTHILLS EXPLORATION, INC. · Filed Jun 27, 2018
Insider Transaction Report
Form 4
Hemb Alex
Director
Transactions
- Award
Common Stock
2018-06-23$0.15/sh+534,111$80,117→ 534,111 total
Footnotes (2)
- [F1]On June 23, 2018, Alex M. Hemb elected to exercise his right to convert $80,000 of his accrued, through April 30, 2018, but unpaid salary into 534,111 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.