Burns James Edward 4/A
4/A · Petrolia Energy Corp · Filed Feb 15, 2018
Insider Transaction Report
Form 4/AAmended
Burns James Edward
DirectorPresident
Transactions
- Award
Series A Convertible Preferred Stock
2017-05-26$10.00/sh+10,500$105,000→ 10,500 totalExercise: $0.14From: 2017-05-26→ Common Stock (750,000 underlying) - Award
Series A Convertible Preferred Stock
2017-05-23$10.00/sh+3,000$30,000→ 13,500 totalExercise: $0.14From: 2017-05-23→ Common Stock (214,286 underlying) - Award
Series A Convertible Preferred Stock
2017-04-18$10.00/sh+2,900$29,000→ 16,400 totalExercise: $0.14From: 2017-04-18→ Common Stock (207,143 underlying)
Holdings
- 1,550,000
Common Stock
Footnotes (1)
- [F1]The Issuer's Series A Convertible Preferred Stock have a face value of $10 per share and convert into common stock of the Issuer (along with any accrued dividends thereon), at any time at the option of the holder thereof, and automatically when the Issuer's common stock market price equals or exceeds $0.30 per share for 30 consecutive days, at a conversion price of $0.14 per share (each share of preferred stock converts into 71.42 shares of common stock). The Series A Convertible Preferred Stock also accrues a cumulative dividend at a rate of 9% per annum and includes a blocker, preventing the conversion of such preferred stock into common stock if upon such conversion the holder would hold more than 4.99% of the Issuer's outstanding common stock.