Scott D. Kaufman - 30 Mar 2022 Form 4 Insider Report for Creek Road Miners, Inc. (PROP)

Signature
/s/ Scott D. Kaufman
Issuer symbol
PROP
Transactions as of
30 Mar 2022
Net transactions value
-$51,100
Form type
4
Filing time
01 Apr 2022, 17:22:46 UTC
Previous filing
01 Apr 2022
Next filing
12 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRKR Common Stock Sale $18,983 -7,000 -0.58% $2.71* 1,202,523 31 Mar 2022 Direct
transaction CRKR Common Stock Sale $28,966 -11,000 -0.91% $2.63* 1,202,523 31 Mar 2022 Direct

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 CRKR Series A Preferred Stock Options Exercise -6,249 -50% 6,250 30 Mar 2022 Common Stock 357,085 $0.000000 Direct F1
transaction CRKR Convertible Debenture Conversion of derivative security $1,925 $2,496,850 30 Mar 2022 Common Stock 11,000 $0.1750 See Footnote 3. F2, F3
transaction CRKR Convertible Debenture Conversion of derivative security $1,225 $2,496,850 31 Mar 2022 Common Stock 7,000 $0.1750 See Footnote 3. F2, F3
holding CRKR Series A Preferred Stock 6,250 30 Mar 2022 Common Stock 357,142 Direct F1
holding CRKR Options 2,625,000 30 Mar 2022 Common Stock 2,625,000 $2.65 Direct F4
holding CRKR Options 37,500 30 Mar 2022 Common Stock 37,500 $0.2500 Direct
holding CRKR Convertible Debenture $2,496,850 30 Mar 2022 Common Stock 14,267,714 $0.1750 See Footnote 3. F3
holding CRKR Warrant 4,285,174 30 Mar 2022 Common Stock 4,285,174 $0.1750 See Footnote 3. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Preferred Stock (the "Preferred Stock") is convertible into a number of shares of common stock determined by dividing the stated value of each share of Preferred Stock (currently $10) by the conversion price then in effect (currently $0.175). The Preferred Stock does not expire.
F2 The dollar face amount of the Debenture is convertible into shares of common stock at the conversion price then in effect (currently $0.175).
F3 Securities held by Barlock 2019 Fund, LP, an entity over which Scott Kaufman has managerial control.
F4 Options granted pursuant to incentive and award plans. 25% of the options vest when the common share VWAP computed over 30 trading days reaches $2.50, $3.00, $3.50 and $4.00.