Benjamin Tran - Jun 27, 2022 Form 4 Insider Report for Bitech Technologies Corp (BTTC)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Benjamin B. Tran
Stock symbol
BTTC
Transactions as of
Jun 27, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 09:41 PM
Previous filing
Apr 6, 2022
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTTC Common Stock, par value $0.001 Conversion of derivative security +51.5M +515077.49% 51.5M Jun 27, 2022 Direct F1
transaction BTTC Common Stock, par value $0.001 Conversion of derivative security +51.5M +99.98% 103M Jun 27, 2022 Direct and by Spouse F1, F2
transaction BTTC Common Stock, par value $0.001 Conversion of derivative security +45.4M +44.09% 148M Jun 27, 2022 By United System Capital LLC F1, F3, F4

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 BTTC Series A Convertible Preferred Stock Conversion of derivative security $0 -954K -0.97% $0.00 96.9M Jun 27, 2022 Common Stock 51.5M Direct F1
transaction BTTC Series A Convertible Preferred Stock Conversion of derivative security $0 -954K -2.06% $0.00 45.4M Jun 27, 2022 Common Stock 51.5M By Spouse F1, F5
transaction BTTC Series A Convertible Preferred Stock Conversion of derivative security $0 -841K -100% $0.00* 0 Jun 27, 2022 Common Stock 45.4M By United System Capital LLC F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date.
F2 Includes 51,517,749 shares held directly by the Reporting Person and 51,507,749 held by the Reporting Person's spouse.
F3 Includes 51,517,749 shares held directly by the Reporting Person, 51,507,749 held by the Reporting Person's spouse and 45,419,533 held by United System Capital LLC.
F4 The Reporting Person is the manager of United System Capital LLC, has voting control over shares owned by United System Capital LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by United System Capital LLC, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5 Reflects shares held by United System Capital LLC.