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Kessler Paul L. – ‘4’ for 6/30/22 re: Creek Road Miners, Inc.

On:  Monday, 7/11/22, at 2:26pm ET   ·   For:  6/30/22   ·   As:  Officer and 10% Owner   ·   Accession #:  1683168-22-4871   ·   File #:  0-33383

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/11/22  Kessler Paul L.                   4          Off.,%Own.  1:12K  Creek Road Miners, Inc.           GlobalOne Filings Inc/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     12K 
                Securities by an Insider -- ownership.xml/3.6                    




        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 

 
SEC Info rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KESSLER PAUL L.

(Last)(First)(Middle)
555 MARIN STREET, SUITE 140

(Street)
THOUSAND OAKSCA91360

(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
Creek Road Miners, Inc. [ CRKR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
XOfficer (give title below) Other (specify below)
Chairman of Board
3. Date of Earliest Transaction (Month/Day/Year)
6/30/22
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common stock, par value $0.0001 per share 2,657,725 (2)ISee footnote (1) (2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrant$0.175 12/2/16 12/2/24Common Stock10,000,000 10,000,000ISee footnote (3)
Convertible debenture$0.175 12/2/16 12/31/22Common Stock14,267,714 14,267,714ISee footnote (3)
Options$0.25 (4) (4)Common Stock15,000 15,000ISee footnote (4)
Series A Convertible preferred stock$0.175 (5) 6/30/22A 4,941 6/30/22 (5)Common Stock6,424,571$0 (5)6,424,571 (5)D
Options$2.65 (6) 7/7/22J 2,625,000 (6) (6) (6)Common Stock2,625,000 (6)0 (6)D
Explanation of Responses:
(1)  Shares held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC), Bristol Capital, LLC, a Delaware LLC ("BC"), Paul Kessler IRA Rollover ("PK IRA"), and Bristol Capital Advisors Profit Sharing Plan ("BCA PSP"). Mr. Kessler has voting and dispositive power over the shares beneficially owned by these holders.
(2)  The total includes: (i) 2,589,990 shares owned by BIF, (ii) 24,450 shares owned by BC, (iii) 3,935 shares owned by PK IRA, and (iv) 39,350 shares owned by BCA PSP. Numbers reflect the 1-for-20 reverse stock split effectuated by the Issuer on February 27, 2020. (the "Split").
(3)  In December 2016, BIF purchased from Issuer a $2,500,000 convertible debenture ("Debenture") and warrant to purchase 16,666,667 shares of common stock ("Warrant"). In December 2019, Debenture's maturity date was extended to December 2021, Warrant's expiration date was extended to December 2024, conversion price and exercise price were adjusted to $0.125, and number of Warrant shares became 20,000,000. BIF transferred 6,000,000 Warrant shares to another investor in December 2019 and retained 14,000,000 Warrant shares. Following the Split in February 2020 and subsequent repricing of Debenture and Warrant, conversion price and exercise price became $0.175, number of shares underlying Debenture became 14,285,714 and number of shares underlying Warrant became 10,000,000. In May 2020, Debenture's maturity date was extended to December 2022. In March 2022, BIF converted $3,150 of principal into 18,000 shares which were sold on 3/31/22.
(4)  Stock options for 300,000 shares issued to Paul Kessler pursuant to stock award plans, with an exercise price of $0.25, expiring on January 22, 2024 as disclosed in the Issuer's 10K report. Following the 1-for-20 reverse stock split, the stock options are for 15,000 shares.
(5)  101,875 shares of Series A Preferred Shares held by BC and 10,555 shares of Series A Preferred Stock held by Paul Kessler (most recent issuance of 4,941 to Paul Kessler in June 2022 at no cost, for satisfaction of fee). These Series A shares have a stated value of $10 per share and are convertible into common stock at a price per share of $0.175.
(6)  The Issuer previously granted options for 2,625,000 shares to Paul Kessler pursuant to its Stock Incentive and Award Plans, as amended with an exercise price of $2.65. Issuer and Paul Kessler agreed to cancel these options effective July 7, 2022.
/s/ Paul L. Kessler 7/11/22
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
____________
Transaction Codes:
    A    Grant, award or other acquisition pursuant to Rule 16b-3(d).
    J    Other acquisition or disposition.

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