Scott D. Kaufman - 31 Mar 2022 Form 4 Insider Report for Creek Road Miners, Inc. (PROP)

Role
CEO and President, Director, 10%+ Owner
Signature
/s/ Scott D. Kaufman
Issuer symbol
PROP
Transactions as of
31 Mar 2022
Net transactions value
$0
Form type
4
Filing time
12 Apr 2022, 17:23:16 UTC
Previous filing
01 Apr 2022
Next filing
08 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CRKR Common Stock 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 Award +3,409 +55% 9,659 31 Mar 2022 Common Stock 194,800 Direct F1
holding CRKR Series A Preferred Stock 9,659 31 Mar 2022 Common Stock 551,942 Direct F1, F2
holding CRKR Options 2,625,000 31 Mar 2022 Common Stock 2,625,000 $2.65 Direct F3
holding CRKR Options 37,500 31 Mar 2022 Common Stock 37,500 $0.2500 Direct
holding CRKR Convertible Debenture $2,496,850 31 Mar 2022 Common Stock 14,267,714 $0.1750 See Footnote 4. F4
holding CRKR Warrant 4,285,174 31 Mar 2022 Common Stock 4,285,174 $0.1750 See Footnote 4. F4
* 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 6,250 of the Preferred Shares became exercisable on 12/31/2021, and the balance became exercisable on 03/31/2022.
F3 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.
F4 Securities held by Barlock 2019 Fund, LP, an entity over which Scott Kaufman has managerial control.