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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
820600	Omagine Inc.	OMAG	Real Estate (6500)	202876380

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1018584	A Jack Smith	5900 Lake Ellenor Drive Orlando FL 32809		Yes	No	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	Acquisiton	2017-01-04	81,169	$0.62	208,380	No	4	A	Direct
Common Stock	Acquisiton	2017-02-02	94,340	$0.53	302,700	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	P	Direct

Footnotes

The Reporting Person was issued 81,169 restricted Shares of the Company's Common Stock on January 4, 2017 pursuant to the Issuer's compensation policy for all non-employee independent directors serving on its Board of Directors which provides for $50,000 of the $100,000 annual retainer payable to the Reporting Person in restricted Common Stock valued at the last sale price of the Company's Common Stock on the last trading day of the prior fiscal year. The Shares were valued at $0.616, the last sale price of the Company's publicly traded Common Stock on December 30, 2016.
The Reporting Person purchased 94,340 restricted Shares of the Company's $0.001 par value Common Stock on February 2, 2017 at $0.53 per Share. The securities were offered and sold pursuant to the exemption from registration requirements under Section 4(a)(2) of the Securities Act and did not involve a public offering.
The per Share purchase price to the Reporting Person was equal to the closing sale price of the Issuer's Common Stock on February 1, 2017 less the Finnerty discount of 18% for restricted stock and the total proceeds to the Issuer were $50,000.