Filing Details
- Accession Number:
- 0001594062-14-000335
- Form Type:
- 5
- Zero Holdings:
- No
- Publication Time:
- 2014-10-27 20:37:13
- Reporting Period:
- 2014-06-30
- Filing Date:
- 2014-10-27
- Accepted Time:
- 2014-10-27 20:37:13
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1444837 | Octagon 88 Resources Inc. | OCTX | Drilling Oil & Gas Wells (1381) | 262793743 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1542086 | Ag Trust Energie Zentrum | Hochwachtstrasse 4 Steinhausen V8 6312 | No | No | Yes | 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 | Acquisiton | 2013-10-03 | 200,000 | $2.50 | 14,200,000 | No | 4 | P | Direct | |
Common Stock | Acquisiton | 2013-10-03 | 50,505 | $3.00 | 14,250,505 | No | 4 | X | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct | |
No | 4 | X | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Warrant (Right to Buy) | Acquisiton | 2013-10-03 | 200,000 | $0.00 | 200,000 | $3.00 |
Common Stock | Warrant (Right to Buy) | Disposition | 2013-10-03 | 50,505 | $0.00 | 50,505 | $3.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
200,000 | 2013-10-03 | 2016-10-03 | No | 4 | A | Direct |
149,495 | 2012-10-03 | 2013-10-03 | No | 4 | P | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 14,000,000 | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Warrant (Right to Buy) | $3.00 | 2012-10-03 | 2013-10-03 | 200,000 | 200,000 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2013-10-03 | 200,000 | 200,000 | Direct |
Footnotes
- The reporting person beneficially owned 14,000,000 shares of common stock of Octagon 88 Resources, Inc. (the "Issuer") and a warrant to purchase 200,000 shares of common stock of the Issuer on December 21, 2012, the date on which the reporting person became a 10% owner of the Issuer.
- The securities were acquired in connection with an equity draw sown request made on October 3, 2013 under a Financing Commitment and Credit Facility Agreement (the "Agreement")between the reporting person and the Issuer. In connection with the equity draw down request, and as required by the terms of the Agreement, the reporting person received (a) on October 3, 2013, a warrant to purchase 200,000 shares of the Issuer's common stock and (b) on January 15, 2014, 200,000 shares of common stock, which was determined by dividing the $500,000 equity draw down amount by $2.50 per share, the price specified in the Agreement
- The reporting person delivered an exercise notice to the issuer on October 3, 2013 requesting a partial exercise of the warrant for 50,505 shares. These shares were delivered to the reporting person on January 15, 2014.
- 149,495 shares remained underlying the warrant immediately following the partial exercise of the warrant and prior to the warrant's expiration on October 3, 2013.