Statement of Changes in Beneficial Ownership (4)
June 08 2021 - 1:11PM
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
*
RICHIE LEROY C |
2. Issuer Name and Ticker or Trading Symbol
INFINITY ENERGY RESOURCES, INC
[
IFNY
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
15612 COLLEGE BLVD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/31/2021 |
(Street)
LENEXA, KS 66219
(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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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 |
Common Stock Purchase Option (1) | $0.5 (1) | 6/4/2021 | | A (1) | | 100000 (1) | | 6/4/2022 (1) | 6/4/2031 (1) | common stock | 100000 (1) | $0 | 152500 | D | |
Convertible Promissory Note Payable (2) | $0.5 (2) | 3/31/2021 | | J (2) | | $3635 (2) | | 3/31/2021 (2) | 3/31/2026 (2) | common stock | 7270 (2) | $0 | 159770 | D | |
Warrant to purchase Common Stock (2) | $0.5 (2) | 3/31/2021 (2) | | J (2) | | 727000 (2) | | 3/31/2021 (2) | 3/31/2026 (2) | common stock | 727000 (2) | $0 | 886770 | D | |
Explanation of Responses: |
(1) | On June 4, 2021 the Reporting Person was granted options to purchase 100,000 shares of common stock at an exercise price of $0.50 per share with a termination date of June 4, 2031. Such common stock purchase options vest on June 4, 2022 contingent upon the Reporting person's continued service to the Company at such point in time. |
(2) | On March 31, 2021 the reporting Person agreed to exchange accrued but unpaid compensation totaling $363,500 for a 3% convertible promissory note payable with a principal balance of $3,635 which is convertible into 7,270 shares of common stock and a maturity date of March 31, 2026.
In addition, the Reporting Person was issued a detachable warrant to purchase a total of 727,000 shares of common stock at an exercise price of $0.50 per share |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
RICHIE LEROY C 15612 COLLEGE BLVD. LENEXA, KS 66219 | X |
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Signatures
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Leroy C. Richie | | 6/8/2021 |
**Signature of Reporting Person | Date |
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