Related Party Transactions (Tables)

9 Months Ended

Dec. 31, 2013

Schedule of Stock and Warrants outstanding for Quincy Prelude and Buffalo's holdings

As of December 31, 2013, Quincy Prelude and Buffalo’s holdings included the following:

Stock and Warrants	Quantity	Strike Price ($)	Expiration Date
Warrants	36,271	187.50	2016
Warrants	35,410	130.00	2017
Warrants*	1,787,171	4.05	2018
Common Stock	63,763	N/A	N/A
Preferred Stock 8% Cumulative	15,000,000	N/A	N/A
Options**	4,000	130.00	2022
Options**	2,000	212.50	2021

*In conjunction with the February 12, 2014 capital raise the strike price on the 1,787,171 Buffalo warrants was reduced from $4.05 to $3.50 and we issued Buffalo Management 280,841 additional warrants with a strike price of $3.50 pursuant to the full ratchet anti-dilution provision.

**Options held by Chad Brownstein, our Executive Vice Chairman

Schedule of holdings

At December 31, 2013, Hexagon and its affiliates’ holdings consisted of the following:

Entity	Quantity	Exercise Price		Expiration Date
Common Stock Held
Very Hungry LLC	891,112	N/A		N/A
Scott Reiman Trust	199,086	N/A		N/A
Total Common Stock	1,090,198
Warrants
Very Hungry LLC (1)	739,337	$	6.00	2014
Very Hungry LLC	96,833	$	15.00	2017
Very Hungry LLC (2)	1,095,314	$	4.05	2018
Scott Reiman Trust (1)	177,331	$	6.00	2014
Scott Reiman Trust	37,874	$	15.00	2017
Scott Reiman Trust (2)	262,713	$	4.05	2018
Total Warrants	2,409,402

(1) Series B warrants entitling the holder to purchase for $6.00 per unit one share of our common stock and one Series A warrant to purchase an additional share of our common stock for $6.00 per share. If exercised, each Series A warrant would have full ratchet anti-dilution protection. All of these Series B warrants expired unexercised on January 9, 2014.

(2) Warrants have full ratchet anti-dilution protection. In connection with our 2014 capital raise the exercise price on these warrants was reduced from $4.05 to $1.50.

PROSPECT GLOBAL RESOURCES INC. S-1/A