4//SEC Filing
KESSLER PAUL L. 4
Accession 0001493152-23-037143
CIK 0001162896other
Filed
Oct 12, 8:00 PM ET
Accepted
Oct 13, 1:59 PM ET
Size
12.7 KB
Accession
0001493152-23-037143
Insider Transaction Report
Form 4
KESSLER PAUL
Director10% Owner
Transactions
- Conversion
Convertible Debenture
2023-10-11→ 0 total(indirect: By affiliates)Exercise: $0.17From: 2023-05-03Exp: 2023-12-31→ Common Stock (5,714,286 underlying) - Conversion
Common Stock
2023-10-11$0.17/sh+5,714,286$1,000,000→ 36,786,207 total(indirect: By affiliate)
Holdings
- 22,773,486(indirect: By affiliates)
Series D Preferred Stock
→ Series Preferred Stock (22,773,486 underlying) - 2,426,966(indirect: By affiliates)
Warrant
→ Warrant (2,426,966 underlying) - 14,285,714(indirect: By affiliates)
Warrant
→ Warrant (14,285,714 underlying)
Footnotes (3)
- [F1]On 10/11/23, Bristol Investment Fund, Ltd. ("BIF") converted the principal amount of $1,000,000 of an amended and restated convertible debenture issued by the Issuer on 5/3/23 at $0.175 per share into 5,714,286 shares of common stock of the Issuer.
- [F2]BIF holds 3,985.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, a Series D "A" warrant for 1,231,483 shares (expires May 2028) and a Series D "B" warrant for 1,213,483 shares (expires May 2024).
- [F3]Mr. Kessler has voting and dispositive control over the following securities: (i) 25,810,197 shares of common stock held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC), (ii) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"), (iii) 3,985.36 shares of Series D Preferred Stock held by BIF, (iv) a Series D "A" warrant for 1,231,483 shares of common stock and a Series D "B" warrant for 1,213,483 shares of common stock held by BIF, and (v) a warrant to purchase a total of 14,285,714 shares of common stock of the Issuer, half of which expire in May 2024 with the other half expiring in May 2028, held by BIF.
Documents
Issuer
Prairie Operating Co.
CIK 0001162896
Entity typeother
Related Parties
1- filerCIK 0001113835
Filing Metadata
- Form type
- 4
- Filed
- Oct 12, 8:00 PM ET
- Accepted
- Oct 13, 1:59 PM ET
- Size
- 12.7 KB