Oppenheim Joel Martin 4
4 · Petrolia Energy Corp · Filed Dec 7, 2018
Insider Transaction Report
Form 4
Oppenheim Joel Martin
Director
Transactions
- Award
Common Shares (Restricted)
2018-11-13$0.08/sh+312,500$25,000→ 6,607,622 total - Purchase
Common Shares
2018-11-09$0.06/sh+175,932$10,556→ 6,295,122 total - Award
Warrants
2018-09-30$0.10/sh+250,000$25,000→ 4,425,833 totalExercise: $0.10From: 2019-01-01Exp: 2021-01-01→ Common (250,000 underlying) - Award
Warrants
2018-09-30$0.10/sh+250,000$25,000→ 4,675,833 totalExercise: $0.10From: 2018-09-30Exp: 2021-09-30→ Common (250,000 underlying) - Award
Warrants
2018-10-31$0.10/sh+625,000$62,500→ 5,300,833 totalExercise: $0.10From: 2018-10-31Exp: 2020-11-01→ Common (625,000 underlying)
Footnotes (5)
- [F1]Mr. Oppenheim acquired these shares in a private third-party transaction at a market value of $0.06/share.
- [F2]Mr. Oppenheim participated in Private Placement #4 at $0.08/share, participants also received 2x warrants for every share, exercisable for 2 years.
- [F3]Mr. Oppenheim receives a 250,000-warrant issuance quarterly as part of his compensation 2018 compensation package for his service on the Board; exercisable for a 24 months period as of January 1, 2019.
- [F4]Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
- [F5]The Transactions reported were part of a LOC agreement, where by the reporting person was to receive 250,000 warrants quarterly, exercisable for 3 years. The exercise price of the additional warrants will be based on the average common stock market price over the previous 90 days.