4//SEC Filing
Freijsen Marion 4
Accession 0001558700-13-000002
CIK 0001158694other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 10:49 AM ET
Size
5.9 KB
Accession
0001558700-13-000002
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.
Documents
Issuer
Standard Drilling, Inc.
CIK 0001158694
Entity typeother
Related Parties
1- filerCIK 0001558700
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 10:49 AM ET
- Size
- 5.9 KB