Kessler Paul L.'s Form 4 filing
Prairie Operating Co. (PROP) · filed May 9, 2023
- Accession no.
- 0001683168-23-003087
- Filed
- May 9, 2023, 7:50 PM ET
- Trade date
- May 3, 2023
- Filing delay
- 6 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 5 non-derivative transactions and 9 derivative transactions. Open-market purchases total $599.1K. It was filed 6 days after the trade, past the 2-business-day deadline.
This filing was later replaced by the amendment 0001683168-23-004193 (Jun 16, 2023). Trade tables on this site use the amended version.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Kessler Paul L.CIK 0001113835 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 3, 2023 | Common stock, par value $0.0001 per share | CConversionAcquired | +9,095,011 | $0.175 | +$1,591,626.93 | 11,752,736 | Indirect | |
| May 3, 2023 | Common stock, par value $0.0001 per share | PPurchaseAcquired | +5,496,669 | $0.109 | +$599,136.92 | 17,249,405 | Indirect | |
| May 3, 2023 | Common stock, par value $0.0001 per share | AGrant or awardAcquired | +1,821,429 | $0.175 | +$318,750.08 | 19,070,834 | Indirect | |
| May 3, 2023 | Common stock, par value $0.0001 per share | CConversionAcquired | +9,413,863 | $0.175 | +$1,647,426.03 | 28,484,697 | Indirect | |
| May 3, 2023 | Common stock, par value $0.0001 per share | AGrant or awardAcquired | +42,857 | $0.175 | +$7,499.98 | 28,527,554 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 3, 2023 | Common Stock | CConversionDisposed | −9,095,011 | $0.00 | $0 | 0 | Indirect | |
| May 3, 2023 | Common Stock | CConversionDisposed | −9,413,863 | $0.00 | – | – | Indirect | |
| May 3, 2023 | Series D Convertible preferred stock | CConversionDisposed | −2,523 | $0.00F3 | – | – | Indirect | |
| May 3, 2023 | Common Stock | CConversionDisposed | −5,714,286 | $0.00 | – | – | Indirect | |
| May 3, 2023 | Common Stock | CConversionAcquired | +14,417,143 | $0.00 | $0 | 2,523 | Indirect | |
| May 3, 2023 | Common Stock | CConversionAcquired | +5,714,286 | $0.00 | – | – | Indirect | |
| May 3, 2023 | Common Stock | PPurchaseAcquired | +7,142,857 | $1,000.00F5 | +$1,250,000 | 3,773 | Indirect | |
| May 3, 2023 | Common Stock | PPurchaseAcquired | +7,142,857 | $0.00 | $0 | 7,142,857 | Indirect | |
| May 3, 2023 | Common Stock | PPurchaseAcquired | +7,142,857 | $0.00 | $0 | 7,142,857 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
In Dec 2016, BIF purchased $2,500,000 convertible debenture ("Debenture") and warrant to purchase 16,666,667 shares of common stock ("Warrant"). In Dec 2019, conversion and exercise price adjusted to $0.125 and Warrant shares became 20,000,000. BIF transferred 6,000,000 Warrant shares to third party in Dec 2019 and retained 14,000,000 Warrant shares. Following Split and subsequent repricing, conversion and exercise price became $0.175, number of shares underlying Debenture became 14,285,714 and shares underlying Warrant became 10,000,000. In March 2022, BIF converted $3,150 of principal into 18,000 shares which were sold on 3/31/22. On May 3, 2023, Debenture was exchanged for (a) amended debenture of $1,000,000, (b) 9,413,863 shares of Common and (c) 2,523 shares of Series D Preferred (stated value of $1,000/sh and convertible into common at $0.175/sh).
Referenced by the price of 1 transaction in Table II.
- F5
The Series D Preferred offering for shares of Series D Preferred Stock featured 100% warrant coverage for each of Series A warrants to purchase shares of Common Stock and Series B warrants to purchase shares of Common Stock.
Referenced by the price of 1 transaction in Table II.