Key facts
- This page summarizes Roy Mansano's Form 4 filing for OKMIN RESOURCES, INC. (OKMN).
- 10 reported transactions and 10 derivative rows are listed below.
- Accepted by SEC: 06 Jan 2023, 18:00.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
No transaction description listed
No transaction description listed
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Other
Other
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Additional SEC filing notes
Section 16 status
Roy Mansano is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Footnote F1
Represents interest accrued on the 10% Convertible Loan (the "Loan") on this date. The outstanding principal and accrued interest on the Loan (the "Loan Amount") is convertible at any time into shares of Common Stock at a conversion price of $0.03 per share. For every three shares of Common Stock received upon conversion of the Loan Amount, the holder will also receive one Warrant to buy an additional share of Common Stock at an exercise price of $0.03 per share. The Warrants underlying the Loan Amount are also reported on this form.
Footnote F2
The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,492,001.
Footnote F3
These Warrants are not currently outstanding but may be issued upon conversion of the interest that was accrued on the Loan on this date. The Warrants will be exercisable immediately if and when issued and will have an exercise price of $0.03 per share and a three-year term.
Footnote F4
Represents a Loan payment on this date, which reduced the Loan Amount by the amount of the payment.
Footnote F5
The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,375,334.
Footnote F6
These Warrants were subject to issuance upon conversion of the Loan Amount that was paid on this date. The Warrants would have been exercisable immediately if and when issued and would have had an exercise price of $0.03 per share and a three-year term.
Footnote F7
The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,430,649.
Footnote F8
The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,313,983.
Footnote F9
On January 3, 2023, the terms of the Loan were amended to provide that at no time shall the reporting person be permitted to convert any portion of the Loan Amount if such conversion would result in his being the beneficial owner of more than 9.99% of the issuer's class of Common Stock. The amendment had the effect of reducing the reporting person's beneficial ownership on this date to below 9.99% as indicated.
Footnote F10
The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 5,796,882.