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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrant | $ 0.12 | 04/18/2016 | 05/23/2017 | A | 500,000 (5) | 05/23/2017 | 05/23/2020 | Common Stock | 500,000 | $ 0 | 610,000 | D | |||
Warrant | $ 0.12 | 05/23/2017 | 05/23/2017 | A | 500,000 (5) | 05/23/2017 | 05/23/2020 | Common Stock | 500,000 | $ 0 | 1,100,000 | D | |||
Warrant | (6) | 02/01/2018 | (6) | C | 1,100,000 (4) | (6) | (6) | Common Stock | 1,100,000 | (4) | 0 | I | Critical Communication LLC |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Beasley Quinten 7941 KATY FREEWAY, SUITE 522 HOUSTON, TX 77024 |
X |
/s/ Quinten S Beasley | 02/14/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares received through the acquisition of 10% net WI in the SUDS Field. This represents the ownership interest in which Critical Communication LLC held through its position held in the property. |
(2) | Shares received through the additional acquisition by Petrolia of 40% net WI in the SUDS Field. This represents the ownership interest in which Critical Communication LLC held through its position held in the property. |
(3) | Shares received through the settlement of the $3 million Debt owed to Jovian for the acquisition of the remaining 50% WI in SUDS. This represents the ownership interest in which Critical Communication LLC held through its position held in the property. |
(4) | Mr. Beasley has agreed to exercise all the warrants that he holds at this time, to settle a significant portion of the outstanding invoices issued through Critical Communication LLC. The exercising of warrants was approved by the Board. |
(5) | Warrants issued through the Directors Compensation package for annual service on Petrolia's Board of Directors. |
(6) | varies |