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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
822746	Infinity Energy Resources Inc	IFNY.PK	Drilling Oil & Gas Wells (1381)	203126427

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1033476	/Gfn Association National Bank Amegy	4400 Post Oak Parkway Houston TX 77027		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-12-30	3,591,250	$0.00	5,591,250	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2013-12-30	130,000	$0.00	2,000,000	$0.07

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2013-01-01		No	4	S	Direct

Footnotes

On December 30, 2013, pursuant to a Stock Exchange Agreement dated December 13, 2013, by and between the Reporting Person and the Issuer, the Issuer issued and transferred 3,591,250 shares of Common Stock to the Reporting Person, 3,250,000 of which were in exchange for the 130,000 shares of Series A Preferred Stock then owned by the Reporting Person and 341,250 of which were in lieu of and as settlement for $1,365,000 of accrued and unpaid dividends then owing to the Reporting Person in respect of such Series A Preferred Stock. The shares of Common Stock issued by the Issuer in this transaction were valued at $4.00 per share. The shares of Series A Preferred Stock exchanged by the Reporting Person in this transaction were valued at $100.00 per share.
The Series A Preferred Stock was convertible initially at a price of $0.065 per share of Common Stock (the Series A Preferred Stock was acquired by the Reporting Person at $100.00 per share and has an initial conversion price of $6.50 per share). The conversion price is subject to certain anti-dilution and conversion price adjustment rights set forth in the Issuer's certificate of incorporation.
The Series A Preferred Stock had no expiration date.