Daniel F. Hutchins - Mar 31, 2021 Form 4 Insider Report for INFINITY ENERGY RESOURCES, INC (AMNI)

Role: CFO, Treasurer & Secretary, Director
Signature: Daniel F. Hutchins
Stock symbol: AMNI
Transactions as of: Mar 31, 2021
Transactions value $: $16,624
Form type: 4
Date filed: 6/8/2021, 12:53 PM
Next filing: Jul 29, 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	+100K	+173.91%	$0.00	158K	Jun 4, 2021	common stock	100K	$0.50	Direct	F1
transaction	AMNI	Convertible Promissory Note Payable	Other	$16.6K				191K	Mar 31, 2021	common stock	33.2K	$0.50	Direct	F2
transaction	AMNI	Warrant to purchase Common Stock	Other	$0	+3.32M	+1743.04%	$0.00	3.52M	Mar 31, 2021	common stock	3.32M	$0.50	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On June 4, 2021 the Reporting Person was granted options to purchase 100,000 shares of common stock at $0.50 per share with a termination date of June 4, 2031. Such options to purchase common stock vest on June 4, 2022 contingent upon the Reporting Person's continued service to the Company at such point in time.
F2	On March 31, 2021 the Reporting Person agreed to exchange accrued but unpaid compensation and fees totaling $1,662,407 for a 3% convertible promissory note with a principal balance of $16,624 convertible into 33,248 common shares and a maturity date of March 31, 2026. In addition, the Reporting Person was issued detachable warrants to purchase a total of 3,324,813 shares of common stock at an exercise price of $0.50 per share.

Content

On June 4, 2021 the Reporting Person was granted options to purchase 100,000 shares of common stock at $0.50 per share with a termination date of June 4, 2031. Such options to purchase common stock vest on June 4, 2022 contingent upon the Reporting Person's continued service to the Company at such point in time.

On March 31, 2021 the Reporting Person agreed to exchange accrued but unpaid compensation and fees totaling $1,662,407 for a 3% convertible promissory note with a principal balance of $16,624 convertible into 33,248 common shares and a maturity date of March 31, 2026. In addition, the Reporting Person was issued detachable warrants to purchase a total of 3,324,813 shares of common stock at an exercise price of $0.50 per share.