AgEagle Aerial Systems Inc. — Director's Dealing 2014

Jun 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EnerJex Resources, Inc. (ENRJ)
CIK: 0000008504
Period of Report: 2014-06-20

Reporting Person: Helfert Lance W (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-20	Common Stock	P	161177	—	Acquired	439597	Indirect
2014-06-20	10% Series A Cumulative Redeemable Perpetual Preferred STock	P	56990	—	Acquired	56990	Indirect
2014-06-20	Series A Preferred Stock	S	2417660	—	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3571	Indirect
Common Stock	2143	Indirect
Common Stock	2143	Indirect
Common Stock	2804	Indirect
Common Stock	2804	Indirect
Common Stock	3439524	Indirect

Footnotes

F1: These shares were received as part of an Exchange Agreement by and among the Registrant and its existing series A preferred holders. As consideration for entering into the Exchange Agreement, each existing series A preferred holder received 1 share of common stock.

F2: These shares were received as part of an Exchange Agreement by and among the Registrant and its existing series A preferred holders. Pursuant to the Exchange Agreement, each holder received a number of shares equal to the quotient determiend by dividing (x) the stockholder's undisbursed Series A Preferential Dividended, by (y) the New Series A Original Issue Price per share.

F3: Shares are held by Montecito Venture Partners, LLC, which Reporting Person serves on the board of managers.

F4: On May 30, 2014, the Registrant field a 1-for-15 reverse stock split of the outstanding common stock as of that date.

F5: Shares are held by West Coast Opportunity Fund, LLC for the benefit of its members. The members are the beneficial owners of the shares reported herein. Some of the members are affiliated with the Reporting Person. The investments held by West Coast Opportunity Fund, LLC are managed by West Coast Asset Management, Inc. Reporting Person serves on the investment committee of West Coast Asset Management, Inc.