Richard Palmer - 20 May 2010 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEH)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Richard Palmer
Issuer symbol
GCEH
Transactions as of
20 May 2010
Net transactions value
+$544,600
Form type
4
Filing time
26 Jun 2023, 16:43:17 UTC
Next filing
27 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GCEH Common Stock Gift $0 -1,225,000 -2% $0.000000 58,805,241 20 May 2010 Direct
transaction GCEH Common Stock Gift $0 -20,000 -0.03% $0.000000 58,785,241 04 May 2011 Direct
transaction GCEH Common Stock Sale $455,400 -11,000,000 -19% $0.0414* 47,785,241 04 May 2011 Direct
transaction GCEH Common Stock Gift $0 -990,300 -2.1% $0.000000 46,794,941 31 Dec 2020 Direct
transaction GCEH Common Stock Gift $0 -28,912 -0.62% $0.000000 4,650,585 23 Dec 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GCEH Stock Option (right to buy) Award $0 +11,000,000 $0.000000 11,000,000 16 Oct 2018 Common Stock 11,000,000 $0.1540 Direct F2, F3
transaction GCEH 5% Convertible Note due October 15, 2020 Award $1,000,000 $1,000,000 16 Oct 2018 Common Stock 6,493,507 $0.1540 Direct F4
transaction GCEH 5% Convertible Note due October 15, 2020 Disposed to Issuer $1,000,000 $0 23 Feb 2022 Common Stock 6,493,507 $0.1540 Direct F5
transaction GCEH 5% Convertible Note due February 23, 2024 Award $1,000,000 $1,000,000 23 Feb 2022 Common Stock 7,616,305 $0.1540 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer effected a 1-for-10 reverse stock split of its Common Stock on March 26, 2021 (the Reverse Split).
F2 The Stock Option originally covered 110,000,000 shares at an exercise price of $0.0154 but has been adjusted to reflect the Reverse Split.
F3 The Reporting Person will vest, and can exercise the Stock Option, with respect to 40,000,000 shares when the market capitalization of the Issuer first reaches $7 million; another 40,000,000 shares will vest when the market capitalization of the Issuer first reaches $15 million; and the remaining 30,000,000 shares will vest when the market capitalization of the Issuer first reaches $25 million.
F4 The Note originally provided for a conversion price of $0.0154 but has been adjusted to reflect the Reverse Split.
F5 On February 23, 2022, the Issuer and the Reporting Person agreed to amend the Note that was originally issued on October 16, 2018, in order to, among other things, extend the maturity date.
F6 The maturity date of the Note is the later of February 23, 2024 or the date that the Series C Preferred Shares of the Issuer have been redeemed in full pursuant to the Certificate of Designations of Series C Preferred Stock.
F7 The amended Note provides that the maximum number of shares into which the Note may be converted is 7,616,305