4//SEC Filing
MOONEY EDWARD P 4
Accession 0001441557-12-000022
CIK 0001045390other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 6:13 PM ET
Size
15.6 KB
Accession
0001441557-12-000022
Insider Transaction Report
Form 4
MOONEY EDWARD P
DirectorPresident & CEO10% Owner
Transactions
- Award
Restricted Stock Units
2012-03-26+35,700→ 135,700 totalExercise: $0.00From: 2012-05-18Exp: 2013-05-18→ Common Stock (35,700 underlying)
Holdings
- 0(indirect: By LLC)
10% Convertible Note
Exercise: $2.50From: 2010-12-21Exp: 2012-06-30→ Common Stock (32,000 underlying) - 11,899,479(indirect: By LLC)
Common Stock
- 100,000
Options
Exercise: $5.00From: 2010-10-28Exp: 2015-12-28→ Common Stock (50,000 underlying) - 8,000(indirect: By LLC)
Series A Preferred Stock
Exercise: $0.00From: 2011-06-02Exp: 2012-06-30→ Common Stock (40,000 underlying) - 2,800(indirect: By LLC)
Warrants
Exercise: $0.01From: 2011-06-02Exp: 2016-05-31→ Common Stock (2,800 underlying) - 417,482(indirect: By Trust)
Common Stock
- 50,000
Options
Exercise: $2.50From: 2010-12-28Exp: 2015-12-28→ Common Stock (50,000 underlying)
Footnotes (6)
- [F1]Represents securities owned by LIFE Power & Fuels, LLC, a Delaware limited liability ("LIFE"). The Reporting Person is the Managing Member of LIFE, but disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F2]Represents common stock held by Edward P. and Teresa M. Mooney Revocable Living Trust.
- [F3]Vesting: 3 years, 25% immediate and 25% on each anniversary for 3 years.
- [F4]Each share of Series A Preferred Stock is convertible into five shares of common stock, and is convertible at any time without expiration.
- [F5]The Reporting Person received (i) 8,000 shares of Series A convertible preferred stock at a deemed purchase price of $10.00 per share, and (ii) warrants to purchase 2,800 shares of Common Stock at an exercise price of $0.01 per share, in consideration for the cancellation by the Issuer of a convertible promissory note issued to the Reporting Person in the principal amount of $80,000 due June 30, 2012.
- [F6]The restricted stock units ("RSUs") will vest on the date of the 2012 annual meeting of stockholders which is tentatively scheudled for May 8, 2012 and will expire at the end of the director's term. If the diretor resigns for cause or is removed for cause before the end of his term, the RSUs would lapse. However, if the director resigns for health or other appropriate reasons, his RSUs would vest immediately. The director is not permitted to sell the vested shares until he is no longer a director.
Documents
Issuer
COLOMBIA ENERGY RESOURCES, INC.
CIK 0001045390
Entity typeother
Related Parties
1- filerCIK 0001143131
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 6:13 PM ET
- Size
- 15.6 KB