Richard Palmer - May 20, 2010 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEH)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Richard Palmer
Stock symbol
GCEH
Transactions as of
May 20, 2010
Transactions value $
$544,600
Form type
4
Date filed
6/26/2023, 04:43 PM
Next filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GCEH Common Stock Gift $0 -1.23M -2.04% $0.00 58.8M May 20, 2010 Direct
transaction GCEH Common Stock Gift $0 -20K -0.03% $0.00 58.8M May 4, 2011 Direct
transaction GCEH Common Stock Sale -$455K -11M -18.71% $0.04* 47.8M May 4, 2011 Direct
transaction GCEH Common Stock Gift $0 -990K -2.07% $0.00 46.8M Dec 31, 2020 Direct
transaction GCEH Common Stock Gift $0 -28.9K -0.62% $0.00 4.65M Dec 23, 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 Stock Option (right to buy) Award $0 +11M $0.00 11M Oct 16, 2018 Common Stock 11M $0.15 Direct F2, F3
transaction GCEH 5% Convertible Note due October 15, 2020 Award $1M $1M Oct 16, 2018 Common Stock 6.49M $0.15 Direct F4
transaction GCEH 5% Convertible Note due October 15, 2020 Disposed to Issuer -$1M $0 Feb 23, 2022 Common Stock 6.49M $0.15 Direct F5
transaction GCEH 5% Convertible Note due February 23, 2024 Award $1M $1M Feb 23, 2022 Common Stock 7.62M $0.15 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer effected a 1-for-10 reverse stock split of its Common Stock on March 26, 2021 (the Reverse Split).
F2 The Stock Option originally covered 110,000,000 shares at an exercise price of $0.0154 but has been adjusted to reflect the Reverse Split.
F3 The Reporting Person will vest, and can exercise the Stock Option, with respect to 40,000,000 shares when the market capitalization of the Issuer first reaches $7 million; another 40,000,000 shares will vest when the market capitalization of the Issuer first reaches $15 million; and the remaining 30,000,000 shares will vest when the market capitalization of the Issuer first reaches $25 million.
F4 The Note originally provided for a conversion price of $0.0154 but has been adjusted to reflect the Reverse Split.
F5 On February 23, 2022, the Issuer and the Reporting Person agreed to amend the Note that was originally issued on October 16, 2018, in order to, among other things, extend the maturity date.
F6 The maturity date of the Note is the later of February 23, 2024 or the date that the Series C Preferred Shares of the Issuer have been redeemed in full pursuant to the Certificate of Designations of Series C Preferred Stock.
F7 The amended Note provides that the maximum number of shares into which the Note may be converted is 7,616,305