3//SEC Filing
TEXHOMA ENERGY INC 3
Accession 0001432093-09-000013
CIK 0001127572operating
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 1:46 PM ET
Size
6.7 KB
Accession
0001432093-09-000013
Insider Transaction Report
Form 3
TEXHOMA ENERGY INCTXHE.OB
ASL Energy LLC
10% Owner
Holdings
- 1,000
Series A Preferred Stock
Options
Exercise: $0.01From: 2008-09-09Exp: 2011-09-08→ Common Stock (40,000,000 underlying)
Footnotes (2)
- [F1]On around September 9, 2008, Texhoma Energy, Inc. (the "Company," "Texhoma") entered into a Management Services Agreement with ASL Energy, LLC (the "ASL Management Agreement), whose Chief Executive Officer and President is Daniel Vesco, the Company's former Chief Executive Officer and a former Director of the Company, pursuant to which ASL Energy, LLC ("ASL") agreed to perform certain services for the Company. In consideration for ASL providing services to the Company, the Company agreed to issue Daniel Vesco, 150,000,000 restricted shares of the Company's common stock (the "Vesco Shares"), which shares have not been issued to date. The Company may issue the Vesco Shares at any time the Company chooses, but not later than when it is able to obtain shareholder approval and effect and increase in its total number of authorized but unissued shares of common stock.
- [F2]Further, the Company agreed to issue ASL, 1,000 shares of the Company's Series A Preferred Stock which shares have super majority voting rights. ASL also received 40,000,000 options to purchase shares of Texhoma's common stock at an exercise price of $0.005 per share, which options vested immediately, have cashless exercise rights and expire if unexercised on September 8, 2011, in connection with the entry into the ASL Management Agreement.
Documents
Issuer
TEXHOMA ENERGY INC
CIK 0001127572
Entity typeoperating
Related Parties
1- filerCIK 0001127572
Filing Metadata
- Form type
- 3
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 1:46 PM ET
- Size
- 6.7 KB