Leroy C. Richie - Mar 31, 2021 Form 4 Insider Report for INFINITY ENERGY RESOURCES, INC (AMNI)

Role
Director
Signature
Leroy C. Richie
Stock symbol
AMNI
Transactions as of
Mar 31, 2021
Transactions value $
$3,635
Form type
4
Date filed
6/8/2021, 01:11 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 +190.48% $0.00 153K Jun 4, 2021 common stock 100K $0.50 Direct F1
transaction AMNI Convertible Promissory Note Payable Other $3.64K 160K Mar 31, 2021 common stock 7.27K $0.50 Direct F2
transaction AMNI Warrant to purchase Common Stock Other $0 +727K +455.03% $0.00 887K Mar 31, 2021 common stock 727K $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 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'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 totaling $363,500 for a 3% convertible promissory note payable with a principal balance of $3,635 which is convertible into 7,270 shares of common stock and a maturity date of March 31, 2026. In addition, the Reporting Person was issued a detachable warrant to purchase a total of 727,000 shares of common stock at an exercise price of $0.50 per share