Russenberger Christian 5

5 · PROVIDENCE RESOURCES INC · Filed May 9, 2011

Form 5

Period: 2010-12-31

Director

Transactions

Award
CONVERTIBLE NOTE
2010-08-08$0.24/sh+3,327,500$798,600→ 11,208,335 total
Exercise: $0.24From: 2010-08-08Exp: 2015-08-08→ COMMON STOCK (3,327,500 underlying)
Award
CONVERTIBLE NOTE
2010-08-08$0.24/sh+2,218,334$532,400→ 7,880,835 total
Exercise: $0.24From: 2010-08-08Exp: 2015-08-08→ COMMON STOCK (2,218,334 underlying)
Award
COMMON STOCK
2010-11-08$0.08/sh+97,500$7,800→ 284,167 total
Award
STOCK OPTION
2008-12-15$1.20/sh+116,667$140,000→ 116,667 total
Exercise: $1.20From: 2008-12-15Exp: 2018-12-12→ COMMON STOCK (116,667 underlying)
Award
CONVERTIBLE NOTE
2010-05-31$0.24/sh+5,545,834$1,331,000→ 5,662,501 total
Exercise: $0.24From: 2010-05-31Exp: 2015-05-31→ COMMON STOCK (5,545,834 underlying)
Award
COMMON STOCK
2010-12-31$0.08/sh+625,000$50,000→ 909,167 total

Footnotes (4)

[F1]Mr. Russenberger is the owner of 722,500 common shares and the beneficial owner of 186,667 common shares held by Global Project Finance AG.
[F2]Conversion price on convertible notes is subject to decrease on the conversion to equity based on contractual dilution provision of the respective agreements.
[F3]Mr. Russenberger is the beneficial owner of $1,863,400 ($1,331,000 + $532,400) in debt convertible into 7,764,168 common shares, subject to the dilution provision noted above, held by Global Project Finance AG.
[F4]Mr. Russenberger is the beneficial owner of $798,600 in debt convertible into 3,327,500 common shares, subject to the dilution provision noted above, held by CR Innovations AG.

Documents

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