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

Role: Director
Signature: Leroy C. Richie
Issuer symbol: N/A
Transactions as of: 31 Mar 2021
Net transactions value: +$3,635
Form type: 4
Filing time: 08 Jun 2021, 13:11:08 UTC
Next filing: 29 Jul 2021
SEC: View on sec.gov

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	+100,000	+190%	$0.000000	152,500	04 Jun 2021	common stock	100,000	$0.5000	Direct	F1
transaction	AMNI	Convertible Promissory Note Payable	Other	$3,635				159,770	31 Mar 2021	common stock	7,270	$0.5000	Direct	F2
transaction	AMNI	Warrant to purchase Common Stock	Other	$0	+727,000	+455%	$0.000000	886,770	31 Mar 2021	common stock	727,000	$0.5000	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

Content

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.

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