HILL KENNETH E 5

Accession 0001144204-12-017839

CIK 0000700764other

View on SEC.gov Company Profile

Filed

Mar 27, 8:00 PM ET

Accepted

Mar 28, 8:29 PM ET

Size

53.5 KB

Accession

0001144204-12-017839

Insider Transaction Report

Form 5

Period: 2011-12-31

VICTORY ENERGY CORPVYEYD

HILL KENNETH E

VP & CHIEF OPERATING OFFICER

Transactions

Conversion
Common Stock
2011-06-30+2,072,876→ 2,072,876 total(indirect: By LLC)
Conversion
Common Stock
2011-06-30+2,072,877→ 6,218,630 total(indirect: By LLC)
Purchase
Warrants
2011-02-17+10,000→ 8,040,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2016-02-17→ Common Stock (10,000 underlying)
Conversion
10% Senior Secured Convertible Debenture
2011-06-30−2,000,000→ 6,640,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,072,876 underlying)
Conversion
10% Senior Secured Convertible Debenture
2011-06-30−2,000,000→ 4,640,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,072,877 underlying)
Purchase
Warrants
2011-02-17+10,000→ 4,020,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2016-02-17→ Common Stock (10,000 underlying)
Purchase
10% Senior Secured Convertible Debenture
2011-02-17$10000.00/sh+2,000,000$20,000,000,000→ 6,020,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,000,000 underlying)
Purchase
Warrants
2011-02-17+10,000→ 6,030,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2016-02-17→ Common Stock (10,000 underlying)
Purchase
10% Senior Secured Convertible Debenture
2011-02-17$10000.00/sh+2,000,000$20,000,000,000→ 8,030,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,000,000 underlying)
Award
Warrants
2011-03-31+300,000→ 8,340,000 total
Exercise: $0.01From: 2011-03-31Exp: 2016-03-30→ Common Stock (300,000 underlying)
Conversion
10% Senior Secured Convertible Debenture
2011-06-30−2,000,000→ 2,640,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,072,877 underlying)
Conversion
10% Senior Secured Convertible Debenture
2011-06-30−2,000,000→ 640,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,072,877 underlying)
Award
Options
2011-08-26+1,500,000→ 2,140,000 total
Exercise: $0.01From: 2011-08-26Exp: 2015-08-26→ Common Stock (1,500,000 underlying)
Award
Warrants
2011-09-30+300,000→ 5,440,000 total
Exercise: $0.01From: 2011-09-30Exp: 2016-09-30→ Common Stock (300,000 underlying)
Award
Warrants
2011-12-31+300,000→ 5,740,000 total
Exercise: $0.01From: 2011-12-31Exp: 2016-12-30→ Common Stock (300,000 underlying)
Award
Options
2011-08-26+3,000,000→ 5,140,000 total
Exercise: $0.02From: 2011-08-26Exp: 2017-08-26→ Common Stock (3,000,000 underlying)
Purchase
10% Senior Secured Convertible Debenture
2011-02-17$10000.00/sh+2,000,000$20,000,000,000→ 2,000,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,000,000 underlying)
Purchase
Warrants
2011-02-17+10,000→ 2,010,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2016-02-17→ Common Stock (10,000 underlying)
Award
Warrants
2011-06-30+300,000→ 8,640,000 total
Exercise: $0.01From: 2011-06-30Exp: 2016-06-29→ Common Stock (300,000 underlying)
Conversion
Common Stock
2011-06-30+2,072,877→ 4,145,753 total(indirect: By LLC)
Conversion
Common Stock
2011-06-30+2,072,877→ 8,291,507 total(indirect: By LLC)
Purchase
10% Senior Secured Convertible Debenture
2011-02-17$10000.00/sh+2,000,000$20,000,000,000→ 4,010,000 total(indirect: By LLC)
Exercise: $0.01From: 2011-02-17Exp: 2013-09-30→ Common Stock (2,000,000 underlying)

Footnotes (7)

[F1]A total of $10,000 of outstanding principal plus $364 of accrued interest converted under several 10% Senior Secured Convertible Debentures.
[F2]The securities are held by Already Done That, LLC a Texas limited liability corporation. The reporting person owns Already Done That, LLC. Reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest therein.
[F3]The reporting person participated in the Issuer's private placement of 350 Units to certain qualified investors. Each Unit is comprised of (i) a $10,000 principal amount 10% Senior Secured Convertible Debenture, and (ii) a five-year warrant to purchase 10,000 shares of common stock. The Units are being offered at a purchase price of $10,000 per Unit. The reporting person purchased a total of 4 Units during the 2011 fiscal year for a total purchase price of $40,000.
[F4]Warrants issued as part of the Units.
[F5]Warrants awarded for Mr. Hill's service on the board of directors. Under the directors' compensation program, each board member earns 100,000 Warrants per month, which are awarded at the end of each quarter. The directors receive no other compensation for their service on the board.
[F6]Employee stock options awarded to Mr. Hill compensation. Options fully vest on 8/26/2011 and expire on 8/25/2015. The strike price is $0.01.
[F7]Employee stock options awarded to Mr. Hill compensation. Options vest monthly, at a rate of 12,500 per month, over a 24 month period, starting on 8/26/2011. Options expire on 8/25/2017. The strike price is $0.02.

Documents

1 file

5
v307463_5.xmlPrimary
OWNERSHIP DOCUMENT

Issuer

VICTORY ENERGY CORP

CIK 0000700764

→

Entity typeother

Related Parties

filerCIK 0001510894

Filing Metadata

Form type: 5
Filed: Mar 27, 8:00 PM ET
Accepted: Mar 28, 8:29 PM ET
Size: 53.5 KB

View on SEC.gov