Michael E. Dillard - 18 Nov 2022 Form 4 Insider Report for Flame Acquisition Corp. (FLME)

Role
Director
Signature
s/ Michael Dillard
Issuer symbol
FLME
Transactions as of
18 Nov 2022
Transactions value $
$282,405
Form type
4
Filing time
22 Nov 2022, 15:10:28 UTC
Next filing
30 Apr 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FLME Warrants Purchase $32.8K +50K $0.66* 50K 18 Nov 2022 Class A Common Stock 50K $11.50 By Rollover IRA F1, F2
transaction FLME Warrants Purchase $214K +300K +600% $0.71* 350K 21 Nov 2022 Class A Common Stock 300K $11.50 By Rollover IRA F1, F3
transaction FLME Warrants Purchase $36K +50K $0.72* 50K 21 Nov 2022 Class A Common Stock 50K $11.50 By Roth IRA F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The warrants will become exercisable, if at all, on the later of 30 days after the completion of the Issuer's initial business combination or 12 months from the closing of the Issuer's initial public offering. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.
F2 The price reported in Column 8 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.60 to $0.70. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.
F3 The price reported in Column 8 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.67 to $0.7467. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.
F4 The price reported in Column 8 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.67 to $0.75. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.