4//SEC Filing
Delek Group, Ltd. 4
Accession 0001567619-19-006412
CIK 0001341726other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 5:14 PM ET
Size
22.8 KB
Accession
0001567619-19-006412
Insider Transaction Report
Form 4
Delek Group, Ltd.
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-05$0.04/sh+138,095,238$5,800,000→ 138,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-06$0.04/sh+100,000,000$4,200,000→ 238,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-05−138,095,238→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-04Exp: 2020-03-04→ Common Stock, par value $0.001 per share (138,095,238 underlying) - Other
Warrant to Purchase Common Stock
2019-03-06+100,000,000→ 100,000,000 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-06−100,000,000→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying)
Sharon Itshak
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-05$0.04/sh+138,095,238$5,800,000→ 138,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-06$0.04/sh+100,000,000$4,200,000→ 238,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-05−138,095,238→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-04Exp: 2020-03-04→ Common Stock, par value $0.001 per share (138,095,238 underlying) - Other
Warrant to Purchase Common Stock
2019-03-06+100,000,000→ 100,000,000 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-06−100,000,000→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying)
DKL Investments Ltd
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-05$0.04/sh+138,095,238$5,800,000→ 138,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-06$0.04/sh+100,000,000$4,200,000→ 238,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-05−138,095,238→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-04Exp: 2020-03-04→ Common Stock, par value $0.001 per share (138,095,238 underlying) - Other
Warrant to Purchase Common Stock
2019-03-06+100,000,000→ 100,000,000 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-06−100,000,000→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying)
Delek GOM Holdings, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-05$0.04/sh+138,095,238$5,800,000→ 138,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-06$0.04/sh+100,000,000$4,200,000→ 238,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-05−138,095,238→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-04Exp: 2020-03-04→ Common Stock, par value $0.001 per share (138,095,238 underlying) - Other
Warrant to Purchase Common Stock
2019-03-06+100,000,000→ 100,000,000 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-06−100,000,000→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying)
Delek GOM Investments, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-05$0.04/sh+138,095,238$5,800,000→ 138,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Common Stock, par value $0.001 per share
2019-03-06$0.04/sh+100,000,000$4,200,000→ 238,095,238 total(indirect: See footnote 2) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-05−138,095,238→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-04Exp: 2020-03-04→ Common Stock, par value $0.001 per share (138,095,238 underlying) - Other
Warrant to Purchase Common Stock
2019-03-06+100,000,000→ 100,000,000 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying) - Exercise of In-Money
Warrant to Purchase Common Stock
2019-03-06−100,000,000→ 0 total(indirect: See footnote 2)Exercise: $0.04From: 2019-03-06Exp: 2020-03-06→ Common Stock, par value $0.001 per share (100,000,000 underlying)
Footnotes (4)
- [F1]On March 5, 2019, a warrant to purchase ("Warrant No. 1") 138,095,238 shares of common stock, par value $0.001, of GulfSlope Energy, Inc. (the "Issuer") was exercised in full by Delek GOM Investments, LLC ("Delek GOM Investments") at an exercise price of $0.042 per share. Warrant No. 1 was exercised through the full extinguishment of obligations of Issuer as of March 5, 2019 under a separate credit agreement, dated March 1, 2019 (the "Credit Agreement"), between the Issuer and Delek GOM Investments.
- [F2]These securities are held of record by Delek GOM Investments. Delek GOM Holdings, LLC ("Holdings") is the sole member of Delek GOM Investments. DKL Investments Limited ("DKL") is the sole member of Holdings. The sole stockholder of DKL is Delek Group Ltd. ("Delek Group"). As of the date of this report, the majority of Delek Group's outstanding share capital and voting rights are owned, directly and indirectly, by Itshak Sharon Tshuva through private companies wholly-owned by him. As such, Itshak Sharon Tshuva, Delek Group, DKL and Holdings may each be deemed to have voting and investment power with respect to the securities held by Delek GOM Investments noted above and as a result may be deemed to have beneficial ownership over such securities. Each reporting person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such reporting person's pecuniary interest.
- [F3]On March 6, 2019, in connection with additional borrowings under the Credit Agreement, the Issuer issued a warrant to purchase ("Warrant No. 2") 100,000,000 shares of Common Stock at an exercise price of $0.042 to Delek GOM Investments. On March 6, 2019, Delek GOM Investments exercised Warrant No. 2 in full. Warrant No. 2 was exercised through the full extinguishment of obligations of the Issuer as of March 6, 2019 under the Credit Agreement.
- [F4]Warrant No. 1 was originally issued by the Issuer to Delek GOM Investments on March 4, 2019 in connection with the initial funding of the Credit Agreement.
Documents
Issuer
GULFSLOPE ENERGY, INC.
CIK 0001341726
Entity typeother
IncorporatedIsrael
Related Parties
1- filerCIK 0001361371
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 5:14 PM ET
- Size
- 22.8 KB