4//SEC Filing
AZAR II RICHARD NATHAN 4
Accession 0001580695-18-000289
CIK 0001309082other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 6:08 PM ET
Size
15.3 KB
Accession
0001580695-18-000289
Insider Transaction Report
Form 4
Segundo Resources, LLC
10% Owner
Transactions
- Award
Common Stock
2018-05-24+856→ 141,859 total(indirect: RAD2 Minerals, Ltd.) - Award
Common Stock
2018-05-24+457→ 2,283 total - Award
Common Stock
2018-05-24+249→ 2,569 total(indirect: By LLC)
AZAR II RICHARD NATHAN
Director10% Owner
Transactions
- Award
Common Stock
2018-05-24+249→ 2,569 total(indirect: By LLC) - Award
Common Stock
2018-05-24+457→ 2,283 total - Award
Common Stock
2018-05-24+856→ 141,859 total(indirect: RAD2 Minerals, Ltd.)
RAD2 Management, LLC
10% Owner
Transactions
- Award
Common Stock
2018-05-24+856→ 141,859 total(indirect: RAD2 Minerals, Ltd.) - Award
Common Stock
2018-05-24+457→ 2,283 total - Award
Common Stock
2018-05-24+249→ 2,569 total(indirect: By LLC)
RAD2 Minerals, Ltd
10% Owner
Transactions
- Award
Common Stock
2018-05-24+249→ 2,569 total(indirect: By LLC) - Award
Common Stock
2018-05-24+856→ 141,859 total(indirect: RAD2 Minerals, Ltd.) - Award
Common Stock
2018-05-24+457→ 2,283 total
Footnotes (5)
- [F1]Richard N. Azar II, may be deemed to beneficially own: RAD2 Minerals, Ltd. ("RAD2"), which directly owns 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 directly owns 58,000 shares of Series B Preferred Stock of the Issuer and as such indirectly beneficially owns the common stock 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. Mr. Azar also directly owns 106,508 shares of Series B Preferred Stock of the Issuer.
- [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. RAD2 has pledged 124,825 of its shares to secure amounts due under the Issuer's August 2016 $40 million loan agreement with International Bank of Commerce.
- [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]Represents shares of common stock of the Issuer issued in consideration for dividends which accrued on the Series B Preferred Stock at the rate of 6% per annum, based on the $25 face value per share of the Series B Preferred Stock (see also footnote 5). Exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F5]Represents the quarterly dividend due on the Series B Preferred Stock for the period from January 1, 2018 to March 31, 2018, which was paid by the Issuer in shares of common stock, based on a dividend issuance price of $87.50 per share, the conversion price under the Series B Preferred Stock, as provided for under the terms of the Series B Preferred Stock.
Documents
Issuer
CAMBER ENERGY, INC.
CIK 0001309082
Entity typeother
Related Parties
1- filerCIK 0001682851
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 6:08 PM ET
- Size
- 15.3 KB