UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Leopard Roger Anthony 100 CRESCENT COURT 7TH FLOOR DALLAS, TX 75201 |
 X |  |  |  |
/s/ Roger A. Leopard | 03/13/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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 letter agreement dated January 20, 2006, by and between Ignis Petroleum Group, Inc. ("IPG") and Mr. Leopard, it was agreed that Mr. Leopard shall be issued 180,000 shares of IPG's common stock over a three year period. To date, 30,000 of the 180,000 shares of IPG's common stock have vested and been delivered to Mr. Leopard. The remaining 150,000 shares will vest and be delivered to Mr. Leopard, subject to his continued service as a director, according to the following schedule: 25,000 shares on July 20, 2006 and 25,000 shares each six months thereafter. |