Jayhawk Energy, Inc. 4
4 · Jayhawk Energy, Inc. · Filed Oct 13, 2015
Insider Transaction Report
Form 4
MAHONEY SCOTT
Director
Transactions
- Purchase
Warrants
2015-10-08$471668.39/sh+94,333,678$44,494,214,025,038→ 118,874,159 total(indirect: By LLC)Exercise: $0.01From: 2015-10-08Exp: 2020-10-07→ Common stock (94,333,678 underlying) - Purchase
Common Stock
2015-10-08$0.01/sh+94,333,678$471,668→ 118,874,159 total(indirect: By LLC)
Footnotes (1)
- [F1]Vast Exploration, LLC beneficially owns 118,749,788 shares of common stock and pursuant to the terms of certain Convertible Debentures, a Revolving Credit Note, and Warrants held by Vast Exploration, LLC. The aggregate amount of securities Vast Exploration, LLC beneficially owns may be increased by an additional 266,890,641 shares of common stock for a total of 385,640,429 shares of common stock, subject to an increase in common stock capital authorized for issuance. The Issuer, Jayhawk Energy, Inc. has insufficient authorized common stock capital to permit Vast Exploration, LLC to convert its 10% Convertible Debentures, the balance due on the Revolving Credit Note or its Warrants until such time as JayHawk amends its Articles of Incorporation to authorize an increase in common stock capital.