Statement of Changes in Beneficial Ownership (4)
July 13 2022 - 05:17PM
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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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 * LOVOI
JOHN |
2. Issuer Name and Ticker or Trading
Symbol Epsilon Energy Ltd. [ EPSN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
|
(Last)
(First)
(Middle)
3505 W SAM HOUSTON PKWY NORTH, SUITE 400 |
3. Date of Earliest Transaction (MM/DD/YYYY)
7/1/2022
|
(Street)
HOUSTON, TX 77043
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Shares |
7/1/2022 |
|
A(1) |
|
18000 (1) |
A |
$0 (1) |
72100 |
D |
|
Common Shares |
|
|
|
|
|
|
|
1759588 |
I |
See Footmote (2) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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 |
Explanation of
Responses: |
(1) |
A new grant of 18,000 shares
of common stock represented by time-based restricted stock units.
The shares vest evenly at each anniversary of the grant date
(7/1/2023, 7/1/2024, and 7/1/2025) as long as Mr. Lovoi continues
service with the Board of Epsilon at each applicable vesting date.
Otherwise, the Restricted Stock Grant will be
forfeited. |
(2) |
The securities reported
herein are held in multiple accounts managed by JVL Advisors, LLC
("JVL"), of which John Lovoi is the managing partner. JVL may be
deemed to be a beneficial owner of such securtities by virtue of
its role as the investment manager of such accounts. Mr Lovoi may
be deemed to be a beneficial owner fo such securities by virtue of
his role as the managing partner of JVL. Mr. Lovoi disclaims
beneficial ownership in the securities reported on this Form 4
except to the extent of his pecuniary interest, if any, therein,
and this report shall not be deemed to be an admission that he is
the beneficial owner of such securities for purposed of Section 16
or for any other purpose. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
LOVOI JOHN
3505 W SAM HOUSTON PKWY NORTH
SUITE 400
HOUSTON, TX 77043 |
X |
|
|
|
Signatures
|
s John Lovoi |
|
7/13/2022 |
**Signature
of Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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