5//SEC Filing
United American Petroleum Corp. 5
Accession 0001508772-14-000001
CIK 0001321516operating
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 4:03 PM ET
Size
10.5 KB
Accession
0001508772-14-000001
Insider Transaction Report
Form 5
Carey Michael Douglas
DirectorCEO, President10% Owner
Transactions
- Other
Common Stock
2012-12-21−100,000→ 1,350,000 total - Other
Common Stock
2013-01-22−550,000→ 1,350,000 total - Other
Right of Repurchase
2013-01-22+100,000→ 0 totalExercise: $0.00From: 2013-07-22Exp: 2013-08-21→ Common Stock (100,000 underlying)
Holdings
- 5,000,000(indirect: Through Carey Partners Ltd.)
Common Stock
Footnotes (3)
- [F1]On January 22, 2013, the Reporting Person agreed to transfer 550,000 shares of common stock which he held to a third party in consideration for the third party dismissing a lawsuit against the Reporting Person, an entity related to the Reporting Person and another officer and director, which lawsuit was not in connection with and did not affect UAPC. The transfer of the shares and an identical number of shares from another officer and director included a right to repurchase (see footnote 2, below).
- [F2]The Reporting Person, along with another officer and director, has the right to repurchase for a period of thirty days, at $0.001 per share, an aggregate of 100,000 shares of common stock in the event the closing price of UAPC's common stock on the Over-The-Counter Bulletin Board on July 22, 2013 is equal to or greater than $0.146 per share.
- [F3]These shares were collateral for a loan made by a third party to Mr. Carey. Upon default of the loan, the shares were assigned to the lender.
Documents
Issuer
United American Petroleum Corp.
CIK 0001321516
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001321516
Filing Metadata
- Form type
- 5
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 4:03 PM ET
- Size
- 10.5 KB