Statement of Changes in Beneficial Ownership (4)
July 06 2020 - 4:20PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Kerns Karen |
2. Issuer Name and Ticker or Trading Symbol
Royale Energy, Inc.
[
ROYL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
1870 CORDELL COURT, SUITE 210 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/2/2020 |
(Street)
EL CAJON, CA 92020
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 7/2/2020 | | A | | 57143 | A | $0.14 (1) | 202598 | D | |
Common Stock | | | | | | | | 8294633 | I | By family partnership |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Series B Convertible Preferred Stock | (2) | | | | | | | 3/8/2019 | (3) | Common Stock | 8917540 | | 891754 | I | By family partnership |
Explanation of Responses: |
(1) | Shares issued to Ms. Kerns as compensation for services pursuant to Rule 16(b)-3(d). Share price based on the closing stock price of $0.14 per share on July 1, 2020. |
(2) | Ms. Kerns indirectly owns 891,754 shares of Series B Convertible Preferred Stock which is convertible into Common Stock at 10 shares of Common Stock for each share of Convertible Preferred Stock subject to adjustment for corporate dividends, splits and reorganizations. |
(3) | The Series B Convertible Preferred Stock has no expiration date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Kerns Karen 1870 CORDELL COURT, SUITE 210 EL CAJON, CA 92020 | X | X |
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Signatures
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Karen Kerns, by Debra Hatter, Attorney-in-fact | | 7/6/2020 |
**Signature of Reporting Person | Date |
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