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Prairie Operating Co. — Director's Dealing 2023
Oct 13, 2023
34225_dirs_2023-10-13_0866dc67-f741-4982-ac29-2001ba386d07.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Prairie Operating Co. (CRKR)
CIK: 0001162896
Period of Report: 2023-10-11
Reporting Person: KESSLER PAUL L. (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-10-11 | Common Stock | C | 5714286 | $0.175 | Acquired | 36786207 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-10-11 | Convertible Debenture | $0.175 | C | Disposed | 2023-12-31 | Common Stock (5714286) | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series D Preferred Stock | $ | Series Preferred Stock (22773486) | 22773486 | Indirect | |
| Warrant | $ | Warrant (2426966) | 2426966 | Indirect | |
| Warrant | $ | Warrant (14285714) | 14285714 | Indirect |
Footnotes
F1: On 10/11/23, Bristol Investment Fund, Ltd. ("BIF") converted the principal amount of $1,000,000 of an amended and restated convertible debenture issued by the Issuer on 5/3/23 at $0.175 per share into 5,714,286 shares of common stock of the Issuer.
F2: BIF holds 3,985.36 shares of Series D Preferred Stock (with stated value of $1,000 per share), convertible at $0.175 per share, 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).
F3: Mr. Kessler has voting and dispositive control over the following securities: (i) 25,810,197 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), (ii) 10,976,011 shares of common stock held by Bristol Capital, LLC, a Delaware LLC ("BC"), (iii) 3,985.36 shares of Series D Preferred Stock held by BIF, (iv) a Series D "A" warrant for 1,231,483 shares of common stock and a Series D "B" warrant for 1,213,483 shares of common stock held by BIF, and (v) a warrant 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, held by BIF.