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Filing Details

Accession Number:: 0001078782-14-000653
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-04-15 12:29:41
Reporting Period:: 2013-11-25

Filing Date:: 2014-04-15
Accepted Time:: 2014-04-15 12:29:41
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1431959	Torchlight Energy Resources Inc	TRCH	Crude Petroleum & Natural Gas (1311)	743237581

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1591105	D Jerry Barney	841 Andrew Run Canyon Lake TX 78133		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-11-25	2	$4.02	852	No	4	P	Indirect	See footnotes.
Common Stock	Acquisiton	2014-04-07	1,141	$1.75	2,441	No	4	M	Indirect	See footnotes.
Common Stock	Acquisiton	2014-04-07	34,384	$1.75	51,034	No	4	M	Indirect	See footnotes.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnotes.
No	4	M	Indirect	See footnotes.
No	4	M	Indirect	See footnotes.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	12% Series A Convertible Promissory Note	Disposition	2014-04-07	1	$0.00	1,141	$1.75
Common Stock	12% Series A Convertible Promissory Note	Disposition	2014-04-07	1	$0.00	34,384	$1.75

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2014-03-27	2015-03-31	No	4	M	Indirect
0	2014-03-27	2015-03-31	No	4	M	Indirect

Footnotes

At the time of this transaction, Mr. Barney held a 1.7% pecuniary interest in 100 shares of common stock purchased by an investment club of which he is a member. Upon this transaction, the investment club held 50,100 shares of common stock.
Mr. Barney holds a pecuniary interest in securities held by an investment club of which he is a member. In his Form 3 filed on November 7, 2013 and the transaction described above under footnote "(1)", it was correctly reported that he held a 1.7% pecuniary interest in securities held by the investment club, equaling 852 shares of the 50,100 shares of common stock held by the investment club as of those dates. Subsequent to those dates, due solely to a change in membership of the club, his pecuniary interest in the securities held by the club increased to 2.6%, equaling 1,300 shares of the 50,000 shares of common stock held by the investment club immediately prior to the filing of this report. The amount of securities reported in this transaction represents his 2.6% pecuniary interest in the 43,880 shares of common stock acquired by the investment club.
Mr. Barney holds a 33.3% pecuniary interest in securities held by an entity that is wholly-owned by the Barney 2012 Children's Trust of which he is a beneficiary. The amount of securities reported in this transaction represents his 33.3% pecuniary interest in the 103,255 shares of common stock acquired by the investment club.
Mr. Barney holds a pecuniary interest in securities held by an investment club of which he is a member. In his Form 3/A filed on April 14, 2014, it was correctly reported that he held a 1.7% pecuniary interest in securities held by the investment club, equaling 731 shares of the 71,429 shares of common stock into which the investment club's 60.2% interest in the principal amount of the promissory note was convertible. Subsequent to October 28, 2013, due solely to a change in membership of the club, his pecuniary interest in the securities held by the club increased to 2.6%, equaling 1,118 shares of the investment club's 60.2% interest of the 71,429 share into which the principal amount of the promissory note was convertible immediately prior to the filing of this report. (This footnote "(4)" is continued in footnote "(5)" below.)
The amount of securities reported in this transaction represents his 2.6% pecuniary interest in the 43,880 shares of common stock into which the investment club's 60.2% interest of the $125,000 in principal amount of the promissory note is convertible and the investment club's 60.2% interest of the $2,556.27 in accrued and unpaid interest of the promissory note is convertible.
Mr. Barney holds a 33.3% pecuniary interest in the promissory note held by an entity that is wholly-owned by the Barney 2012 Children's Trust of which he is a beneficiary. The amount of securities reported in this transaction represents his 33.3% pecuniary interest in the 103,255 shares of common stock into which the $175,000 in principal amount of the promissory note is convertible (100,000 shares) and the $5,695.89 in accrued and unpaid interest of the promissory note is convertible (3,255 shares).