Filing Details

Accession Number:
0001185185-11-000144
Form Type:
5
Zero Holdings:
No
Publication Time:
2011-02-14 12:00:00
Reporting Period:
2010-12-31
Filing Date:
2011-02-14
Accepted Time:
2011-02-14 13:08:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1370030 Flex Fuels Energy Inc. FXFL Metal Mining (1000) 205242826
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1384472 Thomas Barr 46 Chobham Road
Ottershaw Surrey X0 KT16 0NN
Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value, $.001 Per Share Acquisiton 2010-01-08 100,000 $0.03 849,382 No 5 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrants Acquisiton 2009-10-22 5,800,000 $0.00 0 $0.07
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
5,800,000 No 5 A Direct
Footnotes
  1. The 5,800,000 warrants, 2,175,000 of which are vested (725,000 vested on each of October 22, 2009; December 31, 2009; and December 31,2010), are exercisable for the purchase of one share of Issuer's common stock for a period of seven years from the date of vesting at an exercise price of $0.07 per share. The warrants contain cashless exercise and piggyback registration provisions and are subject to adjustment in the event of stock splits, recapitalizations or reclassifications of our common stock. Of the 3,625,000 unvested warrants: 725,000 vest on December 31, 2011. 1,450,000 vest when and if the Issuer's common stock achieves an average closing price of at least $0.45 per share over a period of 20 consecutive trading days on or prior to October 21, 2012 and 1,450,000 vest when and if the stock achieves an average closing price of at least $1.00 per share over a period of 20 consecutive trading days on or prior to October 21, 2012.