SIEM IVAR 4

Accession 0001493152-19-006762

CIK 0001368637other

Filed

May 9, 8:00 PM ET

Accepted

May 10, 11:09 AM ET

Size

24.2 KB

Accession

0001493152-19-006762

Form 4

Period: 2018-07-12

Director

Transactions

Purchase
Common Shares
2018-10-03$0.07/sh+468,750$30,469→ 1,885,417 total(indirect: American Resources Offshore Inc.)
Award
Common Shares
2018-12-19$0.08/sh+156,250$12,500→ 2,041,667 total(indirect: American Resources Offshore Inc.)
Award
Common Shares
2019-01-15$0.05/sh+1,000,000$50,000→ 3,589,421 total(indirect: American Resources Offshore Inc.)
Award
Warrant
2019-03-31$0.10/sh+250,000$25,000→ 1,749,167 total
Exercise: $0.10From: 2019-03-31Exp: 2021-03-31→ Common Stock (250,000 underlying)
Purchase
Common Shares
2018-11-02$0.06/sh+547,755$35,056→ 2,433,171 total(indirect: American Resources Offshore Inc.)
Award
Warrant
2018-08-17$0.10/sh+20,000$2,000→ 686,667 total(indirect: American Resources Offshore Inc.)
Exercise: $0.10From: 2018-08-17Exp: 2019-08-17→ Common Stock (20,000 underlying)
Award
Warrant
2018-09-30$0.10/sh+250,000$25,000→ 936,667 total
Exercise: $0.10From: 2018-09-30Exp: 2020-09-30→ Common Stock (250,000 underlying)
Purchase
Common Shares (Restricted)
2018-07-12$0.07/sh+500,000$32,500→ 1,416,667 total(indirect: American Resources Offshore Inc.)
Award
Warrant
2018-12-14$0.10/sh+312,500$31,250→ 1,249,167 total(indirect: American Resources Offshore Inc.)
Exercise: $0.10From: 2018-12-14Exp: 2020-11-01→ Common Stock (312,500 underlying)
Award
Warrant
2018-12-31$0.10/sh+250,000$25,000→ 1,499,167 total
Exercise: $0.10From: 2018-12-31Exp: 2020-12-31→ Common Stock (250,000 underlying)

Footnotes (8)

[F1]Mr. Siem acquired these shares in a private third-party transaction at a market value of $0.065/share.
[F2]Mr. Siem acquired these shares in a private third-party transaction at a market value of $0.064/share.
[F3]Mr. Siem indirectly participated in Private Placement #4 at $0.08/share, participants also received 2x warrants for every share, exercisable for 2 years.
[F4]Mr. Siem acquired these shares in a private third-party transaction at a market value of $0.05/share.
[F5]Mr. Siem receives a 250,000-warrant issuance quarterly as part of his compensation 2018 compensation package for his service on the Board; exercisable for a 24 months period.
[F6]Mr. Siem indirectly participated in a Bridge Loan for $20,000 in August 2018, as part of the compensation for the loan participants received an interest rate of 12% simple interest and one (1) warrant for every dollar loaned; exercisable for one year.
[F7]Mr. Siem receives a 250,000-warrant issuance quarterly as part of his compensation 2019 compensation package for his service on the Board; exercisable for a 24 months period.
[F8]Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.

Documents

1 file

Petrolia Energy Corp

CIK 0001368637

Entity typeother