EXXON MOBIL CORP - 23 Feb 2022 Form 3 Insider Report for Global Clean Energy Holdings, Inc. (GCEHQ)

Role
Director, 10%+ Owner
Signature
/s/ James M. Spellings, Jr. for Exxon Mobil Corporation
Issuer symbol
GCEHQ
Transactions as of
23 Feb 2022
Net transactions value
$0
Form type
3
Filing time
29 Apr 2022, 17:22:08 UTC
Next filing
09 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GCEH Series C Preferred Stock 125,000 23 Feb 2022 Footnote F1

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
holding GCEH Warrant to Purchase Common Stock 23 Feb 2022 Common Stock 13,530,723 $2.25 Footnote F1
holding GCEH Warrant to Purchase Common Stock 23 Feb 2022 Common Stock 6,500,000 $3.75 Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 ExxonMobil Renewables LLC is the record holder of the securities reported herein. Exxon Mobil Corporation, in its capacity as the sole member of ExxonMobil Renewables LLC, shares voting and investment discretion with respect to the securities reported herein.
F2 The warrant becomes exercisable on the earlier of (i) the date on which Exxon Mobil Corporation's wholly-owned subsidiary, ExxonMobil Oil Corporation, extends the term of the Product Off-Take Agreement, dated effective April 10, 2019 (as amended), entered into between a subsidiary of Global Clean Energy Holdings, Inc. (the "Issuer") and ExxonMobil Oil Corporation, or (ii) a change of control or sale of the Issuer, or the dissolution of the Issuer

Remarks:

The securities reported in Table I and Table II were all acquired simultaneously in a private placement from the Issuer, which closed on February 23, 2022, for aggregate consideration of $125,000,000.