Sec Form 4 Filing - KESSLER PAUL L. @ Creek Road Miners, Inc. - 2022-06-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
KESSLER PAUL L.
2. Issuer Name and Ticker or Trading Symbol
Creek Road Miners, Inc. [ CRKR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman of Board
(Last) (First) (Middle)
555 MARIN STREET, SUITE 140
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2022
(Street)
THOUSAND OAKS, CA91360
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock, par value $0.0001 per share 2,657,725( 2 ) I See footnote( 1 )( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant $ 0.175 12/02/2016 12/02/2024 Common Stock 10,000,000 10,000,000 I See footnote( 3 )
Convertible debenture $ 0.175 12/02/2016 12/31/2022 Common Stock 14,267,714 14,267,714 I See footnote( 3 )
Options $ 0.25 ( 4 ) ( 4 ) Common Stock 15,000 15,000 I See footnote( 4 )
Series A Convertible preferred stock $ 0.175( 5 ) 06/30/2022 A 4,941 06/30/2022 ( 5 ) Common Stock 6,424,571 $ 0( 5 ) 6,424,571( 5 ) D
Options $ 2.65( 6 ) 07/07/2022 J 2,625,000( 6 ) ( 6 ) ( 6 ) Common Stock 2,625,000 ( 6 ) 0( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KESSLER PAUL L.
555 MARIN STREET, SUITE 140
THOUSAND OAKS, CA91360
X Chairman of Board
Signatures
/s/ Paul L. Kessler 07/11/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares held by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") (managed by Bristol Capital Advisors, LLC, a Delaware LLC), Bristol Capital, LLC, a Delaware LLC ("BC"), Paul Kessler IRA Rollover ("PK IRA"), and Bristol Capital Advisors Profit Sharing Plan ("BCA PSP"). Mr. Kessler has voting and dispositive power over the shares beneficially owned by these holders.
( 2 )The total includes: (i) 2,589,990 shares owned by BIF, (ii) 24,450 shares owned by BC, (iii) 3,935 shares owned by PK IRA, and (iv) 39,350 shares owned by BCA PSP. Numbers reflect the 1-for-20 reverse stock split effectuated by the Issuer on February 27, 2020. (the "Split").
( 3 )In December 2016, BIF purchased from Issuer a $2,500,000 convertible debenture ("Debenture") and warrant to purchase 16,666,667 shares of common stock ("Warrant"). In December 2019, Debenture's maturity date was extended to December 2021, Warrant's expiration date was extended to December 2024, conversion price and exercise price were adjusted to $0.125, and number of Warrant shares became 20,000,000. BIF transferred 6,000,000 Warrant shares to another investor in December 2019 and retained 14,000,000 Warrant shares. Following the Split in February 2020 and subsequent repricing of Debenture and Warrant, conversion price and exercise price became $0.175, number of shares underlying Debenture became 14,285,714 and number of shares underlying Warrant became 10,000,000. In May 2020, Debenture's maturity date was extended to December 2022. In March 2022, BIF converted $3,150 of principal into 18,000 shares which were sold on 3/31/22.
( 4 )Stock options for 300,000 shares issued to Paul Kessler pursuant to stock award plans, with an exercise price of $0.25, expiring on January 22, 2024 as disclosed in the Issuer's 10K report. Following the 1-for-20 reverse stock split, the stock options are for 15,000 shares.
( 5 )101,875 shares of Series A Preferred Shares held by BC and 10,555 shares of Series A Preferred Stock held by Paul Kessler (most recent issuance of 4,941 to Paul Kessler in June 2022 at no cost, for satisfaction of fee). These Series A shares have a stated value of $10 per share and are convertible into common stock at a price per share of $0.175.
( 6 )The Issuer previously granted options for 2,625,000 shares to Paul Kessler pursuant to its Stock Incentive and Award Plans, as amended with an exercise price of $2.65. Issuer and Paul Kessler agreed to cancel these options effective July 7, 2022.

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