Stanton E. Ross - 31 Mar 2021 Form 4 Insider Report for INFINITY ENERGY RESOURCES, INC

Role: Chairman, CEO & President, Director
Signature: Stanton E. Ross
Issuer symbol: N/A
Transactions as of: 31 Mar 2021
Net transactions value: +$5,257
Form type: 4
Filing time: 08 Jun 2021, 12:32:46 UTC
Next filing: 01 Dec 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AMNI	Common Stock Purchase Option	Award	$0	+500,000	+385%	$0.000000	630,000	04 Jun 2021	common stock	500,000	$0.5000	Direct	F2
transaction	AMNI	Convertible Promissory Note Payable	Other	$5,257				640,514	31 Mar 2021	common stock	10,514	$0.5000	Direct	F1
transaction	AMNI	Warrant to purchase Common Stock	Other	$0	+1,051,416	+164%	$0.000000	1,691,930	31 Mar 2021	common stock	1,051,416	$0.5000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 31, 2021 the Reporting Person agreed to exchange accrued but unpaid compensation totaling $525,708 for a 3% convertible promissory note payable with a principal balance of $5,257 which is convertible into 10,514 shares of common stock and maturity date of March 31, 2026. In addition, the Reporting person was issued detachable warrants to purchase a total of 1,051,416 shares of common stock at $0.50 per share. The Reporting Person has agreed to not exercise his right to convert the promissory note or exercise the common stock purchase warrants at anytime whereby the Reporting Person would beneficially own more than 4.99% or with prior notice 9.99% of the Company's outstanding common stock.
F2	On June 4, 2021 the Reporting Person was granted options to purchase 500,000 shares of common stock at an exercise price of $0.50 per share with a termination date of June 4, 2031. Such common stock purchase options vest on June 4, 2022 contingent upon the Reporting Person continued service to the Company at such point in time.

Content

On March 31, 2021 the Reporting Person agreed to exchange accrued but unpaid compensation totaling $525,708 for a 3% convertible promissory note payable with a principal balance of $5,257 which is convertible into 10,514 shares of common stock and maturity date of March 31, 2026. In addition, the Reporting person was issued detachable warrants to purchase a total of 1,051,416 shares of common stock at $0.50 per share. The Reporting Person has agreed to not exercise his right to convert the promissory note or exercise the common stock purchase warrants at anytime whereby the Reporting Person would beneficially own more than 4.99% or with prior notice 9.99% of the Company's outstanding common stock.

On June 4, 2021 the Reporting Person was granted options to purchase 500,000 shares of common stock at an exercise price of $0.50 per share with a termination date of June 4, 2031. Such common stock purchase options vest on June 4, 2022 contingent upon the Reporting Person continued service to the Company at such point in time.