4//SEC Filing
HAWKER ENERGY, INC. 4
Accession 0001589728-15-000027
CIK 0001415286operating
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 12:10 PM ET
Size
8.2 KB
Accession
0001589728-15-000027
Insider Transaction Report
Form 4
Katic Darren
DirectorCEO10% Owner
Transactions
- Other
12% Convertible Promissory Note
2015-08-31Exercise: $0.10→ Units (5,870,530 underlying)
Footnotes (5)
- [F1]Reporting Person was issued a convertible promissory note in the original principal amount of $587,053, which bears simple interest at the rate of 12% per annum. $407,053 of the principal amount, together with any interest accrued thereon, is convertible at any time at the option of Reporting Person into Units at a conversion price of $0.10 per Unit ("Conversion Price"). $180,000 of the principal amount, together with any interest accrued thereon, is convertible at the maturity date (see note 5 below) at the option of Reporting Person into Units at the Conversion Price.
- [F2](Continued from note 1 above) Each "Unit" consists of one share of the Issuer's common stock and a warrant to purchase one-half share of the Issuer's common stock. Each warrant, if issued, has an exercise price of $0.25 per each whole share of the Issuer's common stock (subject to customary adjustments for stock dividends, stock splits, reorganizations and similar transactions) and an exercise period of three years from the date of issuance.
- [F3]The Conversion Price subject to customary adjustments for stock dividends, stock splits, reorganizations and similar transactions. In addition, subject to certain customary exceptions, if at any time while the convertible promissory note is outstanding the Issuer issues shares of its common stock at a a price less than $0.10 per share (a "Lower Sale Price"), the Conversion Price shall automatically be adjusted to equal the Lower Sale Price.
- [F4]Reporting Person was issued the convertible promissory note (a) in replacement of a previously issued non-convertible promissory note made by Issuer in favor of Reporting Person in the remaining principal amount of $378,000("Original Note"), as well as capitalization of $28,253 in accrued interest outstanding under the Original Note as of August 31,2015 and (b) as capitalization of $180,000 in unpaid bonuses owned by Issuer to Reporting Person as of August 31,2015.
- [F5]The convertible promissory note has a maturity date of September 1, 2018. However, the maturity date will accelerate upon Reporting Person no longer being the Chief Executive Officer of the Issuer other than as a result of Reporting Person's voluntary resignation without good reason.
Documents
Issuer
HAWKER ENERGY, INC.
CIK 0001415286
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001415286
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 12:10 PM ET
- Size
- 8.2 KB