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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 | ||||||||
See Footnote (1) (4) | (5) | (6) | (7) | Common Stock | 227,558 | 227,558 | D | ||||||||
Class A Preferred Stock | $ 3.24 | 08/31/2007 | C | 123,290 | 09/29/2000 | (8) | Common Stock | 123,290 | $ 3.24 | 104,268 | D | ||||
Class B Preferred Stock | $ 3.24 | 08/31/2007 | C | 38,528 | 01/09/2002 | (8) | Common Stock | 38,528 | $ 3.24 | 65,740 | D | ||||
Class C Preferred Stock | $ 4 | 08/31/2007 | C | 56,248 | 03/01/2005 | (8) | Common Stock | 56,248 | $ 4 | 9,492 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MORGAN JON M 303 W WALL STREET SUITE 2300 MIDLAND, TX 79701 |
X | X | Chief Executive Officer |
/s/ Jon Morgan | 09/05/2007 | |
**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) | Previously Reported |
(2) | 17,442 Shares indirectly by "Jon M Morgan Pension Plan" 17,442 Shares indirectly by "J.M Mineral & Land Co., Inc. |
(3) | 79,087 Shares indirectly by "Jon M Morgan Pension Plan" 79,087 Shares indirectly by "J.M Mineral & Land Co., Inc." |
(4) | 8,000 Shares Preferred A Stock Common Stock Equivalent - 61,645 8,000 Shares Preferred A Stock Common Stock Equivalent - 61,645 12,500 Shares Preferred B Stock Common Stock Equivalent - 38,528 14,062 Shares Preferred C Stock Common Stock Equivalent - 56,248 Stock Options - 9,492 |
(5) | Exercise Price ranges from $3.88 to $5.12 per share. |
(6) | Exercisable date ranges from 10/24/00 to 2/12/02. |
(7) | Expiration date ranges from 10/24/10 to 2/12/12. |
(8) | No Expiration Date |