Form 4 for PROP Prairie Operating Co.
Accepted 2023-09-27 00:00:00 ET · period of report 2023-09-26 · accession 0001493152-23-034465 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-09-27 | 2023-09-26 | PROP | KESSLER PAUL L. | Dir, 10% | P - Purchase | — | +40.8K | 10.98M | +0.4% | — |
| DMI | 2023-09-27 | 2023-09-12 | PROP | KESSLER PAUL L. | Dir, 10% | A - Grant | $0.00 | +3.64M | 1.21M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-09-26 | P | A | 40,821 | — | 10,976,011 | I By affiliate | — | — | (F3) Mr. Kessler has voting and dispositive control over the following securities: (i) 20,095,911 shares of common stock held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC) and (ii) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC") (BC acquired 40,821 shares in September 2023 as payment of consulting services). In connection with Issuer's merger with Creek Road Miners, Inc. in May 2023, BIF acquired warrants to purchase a total of 14,285,714 shares of common stock of the Issuer, half of which expire in May 2024 with the other half expiring in May 2028. |
| 2 | Derivative | Warrant | 2023-09-12 | A | A | 2,426,966 | $0.00 | 2,426,966 | I By affiliates | — · — to — | 2,426,966 Warrant | (F2) 212.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, acquired in September 2023 pursuant to Securities Purchase Agreement ("SPA") by and between Bristol Investment Fund, Ltd. ("BIF") and another investor. Pursuant to the SPA, BIF also acquired a Series D "A" warrant for 1,231,483 shares (expires May 2028) and a Series D "B" warrant for 1,213,483 shares (expires May 2024) |
| 3 | Derivative | Series D Preferred Stock | 2023-09-12 | A | A | 1,213,485 | $0.00 | 1,213,485 | I By affiliates | — · — to — | 1,213,485 Series Preferred Stock | (F2) 212.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, acquired in September 2023 pursuant to Securities Purchase Agreement ("SPA") by and between Bristol Investment Fund, Ltd. ("BIF") and another investor. Pursuant to the SPA, BIF also acquired a Series D "A" warrant for 1,231,483 shares (expires May 2028) and a Series D "B" warrant for 1,213,483 shares (expires May 2024) |