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4//SEC Filing

Oppenheim Joel Martin 4

Accession 0001721868-19-000240

CIK 0001368637other
View on SEC.govCompany Profile

Filed

May 8, 8:00 PM ET

Accepted

May 9, 10:53 AM ET

Size

17.0 KB

Accession

0001721868-19-000240

Insider Transaction Report

Form 4
Period: 2018-12-14
Petrolia Energy CorpBBLS
Oppenheim Joel Martin
Director
Transactions
  • Award

    Warrants

    2018-12-31$0.10/sh+250,000$25,000→ 6,009,167 total
    Exercise: $0.10From: 2018-12-31Exp: 2020-12-31→ Common (250,000 underlying)
  • Award

    Warrants

    2018-12-31$0.10/sh+250,000$25,000→ 5,759,167 total
    Exercise: $0.10From: 2018-12-31Exp: 2021-12-31→ Common (250,000 underlying)
  • Award

    Warrants

    2018-12-14$0.10/sh+312,500$31,250→ 5,509,167 total
    Exercise: $0.10From: 2018-12-14Exp: 2020-11-01→ Common (312,500 underlying)
  • Award

    Warrants

    2018-12-31$0.10/sh+250,000$25,000→ 6,259,167 total
    Exercise: $0.10From: 2019-03-31Exp: 2021-03-31→ Common (250,000 underlying)
  • Award

    Warrants

    2018-12-31$0.10/sh+250,000$25,000→ 6,509,167 total
    Exercise: $0.10From: 2019-03-31Exp: 2020-03-31→ Common (250,000 underlying)
  • Award

    Common Shares (Restricted)

    2018-12-19$0.08/sh+156,250$12,500→ 6,763,872 total
Footnotes (5)
  • [F1]Mr. Oppenheim participated in Private Placement #4 at $0.08/share, participants also received 2x warrants for every share, exercisable for 2 years
  • [F2]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.
  • [F3]Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
  • [F4]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.
  • [F5]Mr. Oppenheim receives a 250,000-warrant issuance quarterly as part of his compensation 2019 compensation package for his service on the Board; exercisable for a 24 months period.

Documents

1 file

Issuer

Petrolia Energy Corp

CIK 0001368637

→
Entity typeother

Related Parties

1
  • filerCIK 0001646585

Filing Metadata

Form type
4
Filed
May 8, 8:00 PM ET
Accepted
May 9, 10:53 AM ET
Size
17.0 KB
View on SEC.gov