Stanton E. Ross - Mar 31, 2021 Form 4 Insider Report for INFINITY ENERGY RESOURCES, INC (AMNI)

Role: Chairman, CEO & President, Director
Signature: Stanton E. Ross
Stock symbol: AMNI
Transactions as of: Mar 31, 2021
Transactions value $: $5,257
Form type: 4
Date filed: 6/8/2021, 12:32 PM
Next filing: Dec 1, 2021

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	AMNI	Common Stock Purchase Option	Award	$0	+500K	+384.62%	$0.00	630K	Jun 4, 2021	common stock	500K	$0.50	Direct	F2
transaction	AMNI	Convertible Promissory Note Payable	Other	$5.26K				641K	Mar 31, 2021	common stock	10.5K	$0.50	Direct	F1
transaction	AMNI	Warrant to purchase Common Stock	Other	$0	+1.05M	+164.15%	$0.00	1.69M	Mar 31, 2021	common stock	1.05M	$0.50	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 31, 2021 the Reporting Person agreed to exchange accrued but unpaid compensation totaling $525,708 for a 3% convertible promissory note payable with a principal balance of $5,257 which is convertible into 10,514 shares of common stock and maturity date of March 31, 2026. In addition, the Reporting person was issued detachable warrants to purchase a total of 1,051,416 shares of common stock at $0.50 per share. The Reporting Person has agreed to not exercise his right to convert the promissory note or exercise the common stock purchase warrants at anytime whereby the Reporting Person would beneficially own more than 4.99% or with prior notice 9.99% of the Company's outstanding common stock.
F2	On June 4, 2021 the Reporting Person was granted options to purchase 500,000 shares of common stock at an exercise price of $0.50 per share with a termination date of June 4, 2031. Such common stock purchase options vest on June 4, 2022 contingent upon the Reporting Person continued service to the Company at such point in time.

Content

On March 31, 2021 the Reporting Person agreed to exchange accrued but unpaid compensation totaling $525,708 for a 3% convertible promissory note payable with a principal balance of $5,257 which is convertible into 10,514 shares of common stock and maturity date of March 31, 2026. In addition, the Reporting person was issued detachable warrants to purchase a total of 1,051,416 shares of common stock at $0.50 per share. The Reporting Person has agreed to not exercise his right to convert the promissory note or exercise the common stock purchase warrants at anytime whereby the Reporting Person would beneficially own more than 4.99% or with prior notice 9.99% of the Company's outstanding common stock.

On June 4, 2021 the Reporting Person was granted options to purchase 500,000 shares of common stock at an exercise price of $0.50 per share with a termination date of June 4, 2031. Such common stock purchase options vest on June 4, 2022 contingent upon the Reporting Person continued service to the Company at such point in time.