4//SEC Filing
Delek Group, Ltd. 4
Accession 0001567619-20-017561
CIK 0001341726other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 4:09 PM ET
Size
16.8 KB
Accession
0001567619-20-017561
Insider Transaction Report
Form 4
Delek Group, Ltd.
10% Owner
Transactions
- Expiration (Short)
Convertible Debenture
2020-10-01→ 0 total(indirect: See footnote)Exercise: $0.05From: 2019-10-22Exp: 2020-10-22→ Common Stock, par value $0.001 per share (24,410,960 underlying) - Other
Common Stock, par value $0.001 per share
2020-10-01+17,500,000→ 294,018,459 total(indirect: See footnote)
Delek GOM Investments, LLC
10% Owner
Transactions
- Other
Common Stock, par value $0.001 per share
2020-10-01+17,500,000→ 294,018,459 total(indirect: See footnote) - Expiration (Short)
Convertible Debenture
2020-10-01→ 0 total(indirect: See footnote)Exercise: $0.05From: 2019-10-22Exp: 2020-10-22→ Common Stock, par value $0.001 per share (24,410,960 underlying)
Sharon Itshak
10% Owner
Transactions
- Expiration (Short)
Convertible Debenture
2020-10-01→ 0 total(indirect: See footnote)Exercise: $0.05From: 2019-10-22Exp: 2020-10-22→ Common Stock, par value $0.001 per share (24,410,960 underlying) - Other
Common Stock, par value $0.001 per share
2020-10-01+17,500,000→ 294,018,459 total(indirect: See footnote)
Delek GOM Holdings, LLC
10% Owner
Transactions
- Expiration (Short)
Convertible Debenture
2020-10-01→ 0 total(indirect: See footnote)Exercise: $0.05From: 2019-10-22Exp: 2020-10-22→ Common Stock, par value $0.001 per share (24,410,960 underlying) - Other
Common Stock, par value $0.001 per share
2020-10-01+17,500,000→ 294,018,459 total(indirect: See footnote)
DKL Investments Ltd
10% Owner
Transactions
- Other
Common Stock, par value $0.001 per share
2020-10-01+17,500,000→ 294,018,459 total(indirect: See footnote) - Expiration (Short)
Convertible Debenture
2020-10-01→ 0 total(indirect: See footnote)Exercise: $0.05From: 2019-10-22Exp: 2020-10-22→ Common Stock, par value $0.001 per share (24,410,960 underlying)
Footnotes (4)
- [F1]The 17,500,000 shares of common stock, par value $0.001 (the "Common Stock"), of GulfSlope Energy, Inc. (the "Issuer") to be issued to Delek GOM Investments, LLC ("Delek GOM Investments") pursuant to the certain letter agreement, dated October 1, 2020 (the "Agreement"), between the Issuer and Delek GOM Investments. Pursuant to the Agreement, the Issuer agreed to repay Delek GOM Investments in full the principal and interest owed on the convertible debenture issued to Delek GOM Investments on October 22, 2019 (the "Convertible Debenture"), which had a principal amount of $1,220,548 and accrued and unpaid interest of $129,211 as of September 30, 2020. In addition to receiving the 17,500,000 shares of Common Stock for the accrued and unpaid interest (based on the recent trading price of the Common Stock), Delek GOM Investments received the principal amount of $1,220,558 of the Convertible Debenture in cash.
- [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]The Convertible Debenture was convertible into shares of Common Stock at the option of Delek GOM Investments at a conversion price of $0.05 per share of Common Stock (subject to adjustment).
- [F4]This number is based only on the conversion of the principal amount of $1,220,548, and does not include the 17,500,000 shares of Common Stock issuable for the $129,211 of accrued and unpaid interest. The Convertible Debenture earned interest at a rate of 12% per annum with interest payable at maturity, or 15% per annum upon an event of default.
Documents
Issuer
GULFSLOPE ENERGY, INC.
CIK 0001341726
Entity typeother
IncorporatedIsrael
Related Parties
1- filerCIK 0001361371
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 4:09 PM ET
- Size
- 16.8 KB