4//SEC Filing
LUCAS ENERGY, INC. 4
Accession 0001580695-17-000004
$CEINCIK 0001309082operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:56 PM ET
Size
15.2 KB
Accession
0001580695-17-000004
Insider Transaction Report
Form 4
AZAR II RICHARD NATHAN
Director10% Owner
Transactions
- Purchase
Series B Redeemable Convertible Preferred Stock
2017-01-05$25.00/sh+106,508$2,662,700→ 364,508 total(indirect: See Footnotes)Exercise: $3.50From: 2016-08-25→ Common Stock (760,467 underlying) - Sale
Common Stock
2017-01-03+760,997→ 3,409,385 total(indirect: See Footnotes)
RAD2 Management, LLC
10% Owner
Transactions
- Sale
Common Stock
2017-01-03+760,997→ 3,409,385 total(indirect: See Footnotes) - Purchase
Series B Redeemable Convertible Preferred Stock
2017-01-05$25.00/sh+106,508$2,662,700→ 364,508 total(indirect: See Footnotes)Exercise: $3.50From: 2016-08-25→ Common Stock (760,467 underlying)
RAD2 Minerals, Ltd
10% Owner
Transactions
- Purchase
Series B Redeemable Convertible Preferred Stock
2017-01-05$25.00/sh+106,508$2,662,700→ 364,508 total(indirect: See Footnotes)Exercise: $3.50From: 2016-08-25→ Common Stock (760,467 underlying) - Sale
Common Stock
2017-01-03+760,997→ 3,409,385 total(indirect: See Footnotes)
Segundo Resources, LLC
10% Owner
Transactions
- Sale
Common Stock
2017-01-03+760,997→ 3,409,385 total(indirect: See Footnotes) - Purchase
Series B Redeemable Convertible Preferred Stock
2017-01-05$25.00/sh+106,508$2,662,700→ 364,508 total(indirect: See Footnotes)Exercise: $3.50From: 2016-08-25→ Common Stock (760,467 underlying)
Footnotes (6)
- [F1]Richard N. Azar II, may be deemed to beneficially own: RAD2 Minerals, Ltd. ("RAD2", which directly owns 3,409,385 shares of the common stock, par value $0.001 per share of the Issuer ("Common Stock"), and 200,000 shares of the Series B Redeemable Convertible Preferred Stock (the "Series B Preferred Stock") of the Issuer); and Segundo Resources, LLC ("Segundo", which, following the transactions contemplated by this Form 4, directly owns 58,000 shares of Series B Preferred Stock of the Issuer) and as such indirectly beneficially owns the Common Stock held by RAD2 and the Series B Preferred Stock held by RAD2 and Segundo. RAD2 Management, LLC ("RAD2 LLC") as general partner of RAD2, may be deemed to beneficially own the securities held by RAD2. Mr. Azar is the manager of RAD2 LLC and is the managing member of Segundo.
- [F2]RAD2 and RAD2 LLC, which are also reporting their ownership on this Form 4, do not have a pecuniary interest in the securities owned by Mr. Azar or Segundo.
- [F3]Segundo, which is also reporting its ownership on this Form 4, does not have a pecuniary interest in the securities owned by Mr. Azar, RAD2 LLC or RAD2.
- [F4]The Series B Preferred Stock has a face value of $25 per share and is convertible into Common Stock at a conversion price of $3.50 per share, at the option of the holder thereof, or automatically as to 25% of the Series B Preferred Stock shares if the Common Stock trades above $6.125 per25 share for at least 20 consecutive trading days, and trades with at least 75,000 shares of average volume per day (the "Trading Requirements"); an additional 50% if the Common Stock trades above $7.00 per share and meets the Trading Requirements; and as to the remaining Series B Preferred Stock shares, if the Common Stock trades above $7.875 per share and meets the Trading Requirements.
- [F5]Each outstanding share of Series B Preferred Stock is entitled to one vote per share on all stockholder matters. The Series B Preferred Stock is redeemable at any time by the Issuer upon the payment by the Issuer of the face amount of the Series B Preferred Stock ($25 per share) plus any and all accrued and unpaid dividends thereon.
- [F6]In connection with the Issuer's entry into a $40 million Loan Agreement on August 25, 2016, RAD2 pledged 3,120,606 shares of Common Stock to the lender in order to secure amounts owed under the Loan Agreement. RAD2 also agreed to pledge 288,779 shares of common stock to the Issuer pursuant to the terms of a Letter Agreement, described in greater detail in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 31, 2016.
Documents
Issuer
LUCAS ENERGY, INC.
CIK 0001309082
Entity typeoperating
Related Parties
1- filerCIK 0001309082
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:56 PM ET
- Size
- 15.2 KB