Paul L. Kessler - Apr 30, 2022 Form 4 Insider Report for Creek Road Miners, Inc. (CRKR)

Role: Chairman of Board, 10%+ Owner
Signature: /s/ Paul L. Kessler
Stock symbol: CRKR
Transactions as of: Apr 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/4/2022, 08:59 PM
Previous filing: Apr 1, 2022
Next filing: Jul 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CRKR	Common stock, par value $0.0001 per share						2.66M	Apr 30, 2022	See footnote	F1, F2

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	CRKR	Series A Convertible preferred stock	Award	$0	+4.94K	+0.08%	$0.00	6.14M	Apr 30, 2022	Common Stock	6.14M	$0.18	Direct	F5
holding	CRKR	Warrant						10M	Apr 30, 2022	Common Stock	10M	$0.18	See footnote	F3
holding	CRKR	Convertible debenture						14.3M	Apr 30, 2022	Common Stock	14.3M	$0.18	See footnote	F3
holding	CRKR	Options						15K	Apr 30, 2022	Common Stock	15K	$0.25	See footnote	F4
holding	CRKR	Options						2.63M	Apr 30, 2022	Common Stock	2.63M	$2.65	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Shares held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC), Bristol Capital, LLC, a Delaware LLC ("BC"), Paul Kessler IRA Rollover ("PK IRA"), and Bristol Capital Advisors Profit Sharing Plan ("BCA PSP"). Mr. Kessler has voting and dispositive power over the shares beneficially owned by these holders.
F2	The total includes: (i) 2,589,990 shares owned by BIF, (ii) 24,450 shares owned by BC, (iii) 3,935 shares owned by PK IRA, and (iv) 39,350 shares owned by BCA PSP. Numbers reflect the 1-for-20 reverse stock split effectuated by the Issuer on February 27, 2020. (the "Split").
F3	In December 2016, BIF purchased from Issuer a $2,500,000 convertible debenture ("Debenture") and warrant to purchase 16,666,667 shares of common stock ("Warrant"). In December 2019, Debenture's maturity date was extended to December 2021, Warrant's expiration date was extended to December 2024, conversion price and exercise price were adjusted to $0.125, and number of Warrant shares became 20,000,000. BIF transferred 6,000,000 Warrant shares to another investor in December 2019 and retained 14,000,000 Warrant shares. Following the Split in February 2020 and subsequent repricing of Debenture and Warrant, conversion price and exercise price became $0.175, number of shares underlying Debenture became 14,285,714 and number of shares underlying Warrant became 10,000,000. In May 2020, Debenture's maturity date was extended to December 2022. In March 2022, BIF converted $3,150 of principal into 18,000 shares which were sold on 3/31/22.
F4	Stock options for 300,000 shares issued to BC pursuant to stock award plans, with an exercise price of $0.25, expiring on December 29, 2021 as disclosed in the Issuer's 10K report. Following the 1-for-20 reverse stock split, the stock options are for 15,000 shares.
F5	101,875 shares of Series A Preferred Shares held by BC and 5,614 shares of Series A Preferred Stock held by Paul Kessler (most recent issuance of 4,941 to Paul Kessler in April 2022 at no cost, for satisfaction of fee). These Series A shares have a stated value of $10 per share and are convertible into common stock at a price per share of $0.175.
F6	The Issuer has also granted options for 2,625,000 shares to Paul Kessler pursuant to its Stock Incentive and Award Plans, as amended with an exercise price of $2.65.