Filing Details
- Accession Number:
- 0001580695-18-000521
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-12-07 15:57:09
- Reporting Period:
- 2018-09-30
- Accepted Time:
- 2018-12-07 15:57:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1368637 | Petrolia Energy Corp | BBLS | Crude Petroleum & Natural Gas (1311) | 861061005 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1646585 | Martin Joel Oppenheim | 121 N. Post Oak Lane, Apt. 1201 Houston TX 77024 | Yes | No | No | 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 Shares | Acquisiton | 2018-11-09 | 175,932 | $0.06 | 6,295,122 | No | 4 | P | Direct | |
| Common Shares (Restricted) | Acquisiton | 2018-11-13 | 312,500 | $0.08 | 6,607,622 | No | 4 | A | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | A | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common | Warrants | Acquisiton | 2018-09-30 | 250,000 | $0.10 | 250,000 | $0.10 |
| Common | Warrants | Acquisiton | 2018-09-30 | 250,000 | $0.10 | 250,000 | $0.10 |
| Common | Warrants | Acquisiton | 2018-10-31 | 625,000 | $0.10 | 625,000 | $0.10 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,425,833 | 2019-01-01 | 2021-01-01 | No | 4 | A | Direct |
| 4,675,833 | 2018-09-30 | 2021-09-30 | No | 4 | A | Direct |
| 5,300,833 | 2018-10-31 | 2020-11-01 | No | 4 | A | Direct |
Footnotes
- Mr. Oppenheim acquired these shares in a private third-party transaction at a market value of $0.06/share.
- Mr. Oppenheim participated in Private Placement #4 at $0.08/share, participants also received 2x warrants for every share, exercisable for 2 years.
- Mr. Oppenheim receives a 250,000-warrant issuance quarterly as part of his compensation 2018 compensation package for his service on the Board; exercisable for a 24 months period as of January 1, 2019.
- Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
- The Transactions reported were part of a LOC agreement, where by the reporting person was to receive 250,000 warrants quarterly, exercisable for 3 years. The exercise price of the additional warrants will be based on the average common stock market price over the previous 90 days.
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