Michael Zilkha - 26 Mar 2021 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEHQ)

Role
10%+ Owner
Signature
/s/ Michael Zilkha
Issuer symbol
GCEHQ
Transactions as of
26 Mar 2021
Net transactions value
+$192,536
Form type
4
Filing time
14 May 2021, 11:57:35 UTC
Next filing
13 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GCEH Common Stock Conversion of derivative security $476,036 +1,586,786 +37% $0.3000 5,862,355 26 Mar 2021 Direct 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
transaction GCEH 5.97% Convertible Note Conversion of derivative security $283,500 0 26 Mar 2021 Common Stock 1,586,786 $0.3000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion price of the Convertible Note and the number of shares issued upon conversion were adjusted from the original conversion price of $0.03 to reflect the 1-for-10 reverse stock split effected by the Issuer on March 26, 2021. The convertible note had an outstanding balance of $476,036 on the date of conversion.
F2 The maturity date and conversion date were extended from time to time.