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Filing Details

Accession Number:: 0001019056-15-000939
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-12-08 15:11:17
Reporting Period:: 2015-12-07

Filing Date:: 2015-12-08
Accepted Time:: 2015-12-08 15:11:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1445942	Texas Rare Earth Resources Corp.	TRER	Gold And Silver Ores (1040)	870294969

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1061883	M Peter Collery	Peter Collery &Amp; Sc Fund Mgmt Llc Psp 747 Third Avenue, 27Th Floor New York NY 10017	No	No	Yes	No
1122345	Sc Fundamental Llc	747 Third Avenue 27Th Floor New York NY 10017	No	No	Yes	No
1218620	H Neil Koffler	747 Third Avenue 27Th Floor New York NY 10017	No	No	Yes	No
1322318	Sc Fundamental Value Fund, L.p.	747 Third Avenue 27Th Floor New York NY 10017	No	No	Yes	No
1322351	T John Bird	747 Third Avenue 27Th Floor New York NY 10017	No	No	Yes	No
1325913	Sc Fundamental Llc Employee Savings & Profit Sharing Plan	747 Third Avenue 27Th Floor New York NY 10017	No	No	Yes	No
1463590	A. David Hurwitz	747 Third Avenue 27Th Floor New York NY 10017	No	No	Yes	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	2015-12-07	1,000,000	$0.20	4,431,276	No	4	P	Direct
Common Stock	Acquisiton	2015-12-07	750,000	$0.20	5,181,276	No	4	P	Indirect	See Footnotes

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Warrants	Warrants	Acquisiton	2015-12-07	2,000,000	$0.20	2,000,000	$0.35
Warrants	Warrants	Acquisiton	2015-12-07	1,500,000	$0.20	1,500,000	$0.35

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,876,624	2015-12-07	2020-12-07	No	4	P	Direct
5,376,624	2015-12-07	2020-12-07	No	4	P	Indirect

Footnotes

This Form 4 is being filed by SC Fundamental Value Fund, LP (the " Fund") on behalf of itself and SC Fundamental, LLC (the "General Partner"), SC Fundamental LLC Employee Savings and Profit Sharing Plan (now known as, SC Fund Management LLC Profit Sharing Plan) (the "Plan") and Peter M. Collery ("Collery"), Neil H. Koffler ("Koffler"), John T. Bird ("Bird") and David A. Hurwitz ("Hurwitz" collectively and with Collery, Loffler and Bird, the "Members"). Collery is the President and a member of the General Partner and Koffler, Bird and Hurwitz are Vice Presidents and members of the General Partner. Collery is a Trustee of the Plan. The purchases described herein are for Units (the "Units"). Each Unit consists of one share of common stock and two warrants which each are exercisable for one share of common stock subject to the terms set forth herein. The price of $0.20 reflects the price per Unit.
The amount of 1,000,000 in Table I reflects the amount of common stock purchased by the Fund in the transaction requiring the filing of this statement. The amount of 4,431,276 in Table I reflects the amount of common stock purchased by the Fund immediately following the transaction requiring the filing of this statement. The amount of 2,000,000 in Table II reflects the amount of warrants purchased by the Fund in the transaction requiring the filing of this statement. The amount of 4,876,624 in Table II reflects the amount of warrants pruchased by the Fund immediately following the transaction requiring the filing of this statement.
(Continued from Footnote 2) In accordance with Instruction 5(b)(iv) of Form 4, the entire amount of the Issuer's securities held by the Fund is reported herein. Each of the General Partner and the Members, disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that either the General Partner, the Members are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
The amount of 750,000 in Table I reflects the amount of common stock purchased by the Plan in the transaction requiring the filing of this statement. The amount of 5,181,276 in Table I reflects the amount of common stock purchased by the Fund and the Plan collectively immediately following the transaction requiring the filing of this statement. The amount of 1,500,000 in Table II reflects the amount of warrants pirchased by the Plan in the transaction requiring the filing of this statement. The amount of 5,376,624 in Table II reflects the amount of warrants purchased by the Fund and the Plan collectively immediately following the transaction requiring the filing of this statement.
(Continued from Footnote 4) In accordance with Instruction 5(b)(iv) of Form 4, the entire amount of the Issuer's securities held by the Plan is reported herein. Collery is the trustee of the Plan and disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that either the Plan or Collery are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.