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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
 
 
Plain Text rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0306
Document Type:  4
Period of Report:  6/30/22
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1162896
Issuer Name:  Creek Road Miners, Inc.
Issuer Trading Symbol:  CRKR
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1113835
Owner Name:  KESSLER PAUL L.
Reporting Owner Address:
Owner Street 1:  555 MARIN STREET, SUITE 140
Owner Street 2:
Owner City:  THOUSAND OAKS
Owner State:  CA
Owner ZIP Code:  91360
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  Yes
Is Ten Percent Owner?  Yes
Is Other?  No
Officer Title:  Chairman of Board
Other Text:
Non-Derivative Table:
Non-Derivative Holding:
Security Title:
Value:  Common stock, par value $0.0001 per share
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  2,657,725
Footnote ID:  F2
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See footnote
Footnote ID:  F1
Footnote ID:  F2
Derivative Table:
Derivative Holding:
Security Title:
Value:  Warrant
Conversion or Exercise Price:
Value:  .175
Exercise Date:
Value:  12/2/16
Expiration Date:
Value:  12/2/24
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  10,000,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  10,000,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See footnote
Footnote ID:  F3
Derivative Holding:
Security Title:
Value:  Convertible debenture
Conversion or Exercise Price:
Value:  .175
Exercise Date:
Value:  12/2/16
Expiration Date:
Value:  12/31/22
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  14,267,714
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  14,267,714
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See footnote
Footnote ID:  F3
Derivative Holding:
Security Title:
Value:  Options
Conversion or Exercise Price:
Value:  .25
Exercise Date:
Footnote ID:  F4
Expiration Date:
Footnote ID:  F4
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  15,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  15,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See footnote
Footnote ID:  F4
Derivative Transaction:
Security Title:
Value:  Series A Convertible preferred stock
Conversion or Exercise Price:
Value:  .175
Footnote ID:  F5
Transaction Date:
Value:  6/30/22
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  4,941
Transaction Price Per Share:
Value:  0
Footnote ID:  F5
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Value:  6/30/22
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  6,424,571
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  6,424,571
Footnote ID:  F5
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Options
Conversion or Exercise Price:
Value:  2.65
Footnote ID:  F6
Transaction Date:
Value:  7/7/22
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  J
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  2,625,000
Footnote ID:  F6
Transaction Price Per Share:
Footnote ID:  F6
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F6
Expiration Date:
Footnote ID:  F6
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  2,625,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Footnote ID:  F6
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  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.
Footnote - F2:  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").
Footnote - F3:  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.
Footnote - F4:  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.
Footnote - F5:  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.
Footnote - F6:  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.
Owner Signature:
Signature Name:  /s/ Paul L. Kessler
Signature Date:  7/11/22


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