KESSLER PAUL L. 4
4 · Prairie Operating Co. · Filed Oct 13, 2023
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.