4//SEC Filing
Allen Mark Merle 4
Accession 0001493152-21-012954
CIK 0001368637other
Filed
May 25, 8:00 PM ET
Accepted
May 26, 3:47 PM ET
Size
12.7 KB
Accession
0001493152-21-012954
Insider Transaction Report
Form 4
Allen Mark Merle
President
Transactions
- Other
Common Stock
2021-05-04$0.05/sh+5,400,000$270,000→ 14,690,632 total - Award
Common Stock
2020-12-22$0.03/sh+1,000,000$30,000→ 8,957,299 total - Award
Warrants to purchase Common Stock
2020-12-22$0.08/sh+1,000,000$80,000→ 1,000,000 totalExercise: $0.08From: 2021-12-22Exp: 2024-12-22→ Common Stock (1,000,000 underlying) - Award
Warrants to purchase Common Stock
2021-05-04$0.08/sh+5,400,000$432,000→ 6,400,000 totalExercise: $0.08From: 2021-05-04Exp: 2024-05-04→ Common Stock (5,400,000 underlying) - Other
Common Stock
2021-05-04$0.09/sh+333,333$30,000→ 9,290,632 total
Footnotes (2)
- [F1]On September 1, 2020, Mr. Allen entered into an Employment Agreement to serve as President of Petrolia Energy Corporation. As part of the compensation plan Mr. Allen received an award of 1,000,000 common shares and 1,000,000 warrants exercisable at $0.08/share.
- [F2]On May 4, 2021, Mr. Allen converted $270,000 in debt to common shares at $0.05/share. Additionally, as a part of the Debt to Equity Conversion Agreement, Mr. Allen also received 5,400,000 warrants to purchase common stock at $0.08/share. The warrants are vested immediately and expire in three years.
Documents
Issuer
Petrolia Energy Corp
CIK 0001368637
Entity typeother
Related Parties
1- filerCIK 0001864432
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 3:47 PM ET
- Size
- 12.7 KB