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Filing Details

Accession Number:: 0001209191-11-039786
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-07-18 16:52:59
Reporting Period:: 2011-07-14

Filing Date:: 2011-07-18
Accepted Time:: 2011-07-18 16:52:59
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
867687	America West Resources Inc.	AWSR.0B	Bituminous Coal & Lignite Mining (1220)	841152135

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1467009	Trust Revocable 2004 Waaden Von	13809 Research Boulevard Suite 810 Austin TX 78750	No	No	Yes	No
1467010	C Dennis Waaden Von	13809 Research Boulevard Suite 810 Austin TX 78750	No	No	Yes	No
1467011	A. Sally Waaden Von	13809 Research Boulevard Suite 810 Austin TX 78750	No	No	Yes	No
1467012	D Matthew Waaden Von	13809 Research Boulevard Suite 810 Austin TX 78750	No	No	Yes	No
1467013	Mark D Waaden Von	13809 Research Boulevard Suite 810 Austin TX 78750	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $.0001	Acquisiton	2011-07-14	3,600,000	$1.00	14,654,160	No	4	C	Indirect	By Denly Utah Coal, LLC
Common Stock, Par Value $.0001	Acquisiton	2011-07-14	2,701,923	$1.00	17,356,083	No	4	C	Indirect	By Danly Utah Coal, LLC
Common Stock, Par Value $.0001	Acquisiton	2011-07-15	298,078	$1.00	17,654,161	No	4	P	Indirect	By Denly Utah Coal, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Denly Utah Coal, LLC
No	4	C	Indirect	By Danly Utah Coal, LLC
No	4	P	Indirect	By Denly Utah Coal, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Price	Amount - 2	Price - 2
Common Stock	8% Convertible Debenture	Disposition	2011-07-14	$0.00	3,600,000	$1.00
Common Stock	8% Convertible Debenture	Acquisiton	2011-07-14	$1.00	2,701,923	$1.00
Common Stock	8% Convertible Debenture	Disposition	2011-07-14	$0.00	2,701,923	$1.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,083,331	2011-03-31	2014-06-01	No	4	C	Indirect
3,785,254	2011-07-14	2011-07-14	No	4	P	Indirect
1,083,331	2011-07-14	2011-07-14	No	4	C	Indirect

Footnotes

The securities reported on this Form 4 are owned directly by the Denly Utah Coal, LLC, a Texas limited liability company (the "Company"). The two members of the Company are Denly ACI Partners, Ltd., a Texas limited partnership, which holds a 66 2/3% membership interest in the Company, and The von Waaden 2004 Revocable Trust, which owns a 33 1/3% membership interest in the Company. The general partner of Denly ACI Partners, Ltd. is Denly ACI Mgt., LLC, which is owned by Dennis C. von Waaden and Sally A. von Waaden. The co-trustees and co-beneficiaries of The von Waaden 2004 Revocable Trust are Dennis C. von Waaden and Sally A. von Waaden. Additionally, Dennis C. von Waaden, Sally A. von Waaden, D. Mark von Waaden and Matthew D. von Waaden are each an officer of and member of the board of managers of the Company. Each of the reporting persons may have a pecuniary interest in only a portion of such securities and disclaims beneficial ownership except to the extent thereof.
The Company made a total of $2,690,130.00 in loans to the Issuer between June 3, 2011 and July 14, 2011. Outstanding principal and unpaid accrued interest on these loans converted automatically on July 14, 2011 pursuant to that certain First Amended and Restated Conversion and Stock Purchase Agreement dated effective June 23, 2011 because the Issuer satisfied certain conditions by that date.
The number of the Issuer's derivative securities beneficially owned by the Company at any time depends on the principal and unpaid accrued interest outstanding at that time on an 8% Convertible Debenture acquired by the Company on March 31, 2011 (the "March 31, 2011 Convertible Debenture"). Apart from the March 31, 2011 Convertible Debenture, the Company owns 1,083,331 Issuer derivative securities.