Freijsen Marion 4
4 · Standard Drilling, Inc. · Filed Feb 25, 2013
Insider Transaction Report
Form 4
Freijsen Marion
DirectorCOO AND SECRETARY10% Owner
Transactions
- Purchase
Series A Convertible Preferred Stock
2013-02-11+2,500,000→ 2,500,000 total→ Common Stock (6,453,111 underlying)
Footnotes (2)
- [F1]THERE IS NO CONVERSION PRICE OR EXPIRATION DATE ASSOCIATED WITH THE SERIES A CONVERTIBLE PREFERRED STOCK. THE REPORTING PERSON'S SERIES A CONVERTIBLE PREFERRED STOCK IS AUTOMATICALLY CONVERTIBLE INTO 6,453,111 SHARES OF THE ISSUER'S COMMON STOCK UPON THE EFFECTIVENESS OF A 40-FOR-1 REVERSE SPLIT OF THE ISSUER'S COMMON STOCK.
- [F2]THE SERIES A CONVERTIBLE PREFERRED STOCK WAS ACQUIRED PURSUANT TO THE TERMS OF AN ACQUISITION AND SHARE EXCHANGE AGREEMENT, DATED FEBRUARY 1, 2013 (THE EXCHANGE), BETWEEN THE ISSUER AND SHAREHOLDER OF THE E-FACTOR CORP. (EFACTOR), WHEREIN THE REPORTING PERSON EXCHANGED 1,166,973 SHARES OF EFACTOR COMMON STOCK FOR 2,500,000 SHARES OF THE ISSUER'S SERIES A CONVERTIBLE PREFERRED STOCK. THE EXCHANGE CLOSED ON FEBRUARY 11, 2013.