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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Piazza Michael Patrick 100 CRESCENT COURT 7TH FLOOR DALLAS, TX 75201 |
X | President, CEO and Treasurer |
Michael P. Piazza | 11/14/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Pursuant to an employment letter agreement dated September 22, 2005, by and among Ignis Petroleum Group, Inc. ("IPG"), Ignis Petroleum Corporation, a wholly-owned subsidiary of IPG, and Mr. Piazza, it was agreed that Mr. Piazza shall be issued up to 4,000,000 shares of IPG's common stock over a four year period. To date, 500,000 of the 4,000,000 shares of IPG's common stock have been issued to Mr. Piazza, including 150,000 shares which were reported as issued on a Form 4 filed by Mr. Piazza on August 17, 2005. The remaining 3,500,000 shares will become issuable to Mr. Piazza, subject to his continued employment, according to the following schedule: 500,000 shares on May 9, 2005 and 500,000 shares each six months thereafter. |