Sec Form 4 Filing - Delek Group, Ltd. @ GULFSLOPE ENERGY, INC. - 2020-10-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Delek Group, Ltd.
2. Issuer Name and Ticker or Trading Symbol
GULFSLOPE ENERGY, INC. [ GSPE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
19 ABBA EBAN BLVD, P.O.B. 2054
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2020
(Street)
HERZLIYA, L34612001
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 $0.001 per share 10/01/2020 J( 1 ) 17,500,000 A 294,018,459 I See footnote ( 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
Convertible Debenture $ 0.05 ( 3 ) 10/01/2020 H( 1 ) 10/22/2019 10/22/2020 Common Stock, par value $0.001 per share 24,410,960 ( 4 ) ( 1 ) 0 I See footnote ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Delek Group, Ltd.
19 ABBA EBAN BLVD
P.O.B. 2054
HERZLIYA, L34612001
X
Sharon Itshak
19 ABBA EBAN BLVD. P.O.B. 2054
HERZLIYA, L34612001
X
DKL Investments Ltd
47 ESPLANADE
ST HELIER, JERSEY, JE1 0BD, CH, Y9JE1 0BD
X
Delek GOM Holdings, LLC
C/O THE CORPORATION TRUST COMPANY
CORPORATION TRUST CENTER,1209 ORANGE STR
WILMINGTON, DE19801
X
Delek GOM Investments, LLC
C/O THE CORPORATION TRUST COMPANY
THE CORPORATION TRUST CENTER, 1209 ORANG
WILMINGTON, DE19801
X
Signatures
/s/ Sharon Itshak 10/05/2020
Signature of Reporting Person Date
/s/ Leora Pratt Levin, as Authorized Signatory of DELEK GROUP LTD. 10/05/2020
Signature of Reporting Person Date
/s/ Gilad Mayerson, as Authorized Signatory of DKL INVESTMENTS LIMITED 10/05/2020
Signature of Reporting Person Date
/s/ Leora Pratt Levin, as Authorized Signatory of DELEK GOM HOLDINGS, LLC 10/05/2020
Signature of Reporting Person Date
/s/ Leora Pratt Levin, as Authorized Signatory of DELEK GOM INVESTMENTS, LLC 10/05/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The 17,500,000 shares of common stock, par value $0.001 (the "Common Stock"), of GulfSlope Energy, Inc. (the "Issuer") to be issued to Delek GOM Investments, LLC ("Delek GOM Investments") pursuant to the certain letter agreement, dated October 1, 2020 (the "Agreement"), between the Issuer and Delek GOM Investments. Pursuant to the Agreement, the Issuer agreed to repay Delek GOM Investments in full the principal and interest owed on the convertible debenture issued to Delek GOM Investments on October 22, 2019 (the "Convertible Debenture"), which had a principal amount of $1,220,548 and accrued and unpaid interest of $129,211 as of September 30, 2020. In addition to receiving the 17,500,000 shares of Common Stock for the accrued and unpaid interest (based on the recent trading price of the Common Stock), Delek GOM Investments received the principal amount of $1,220,558 of the Convertible Debenture in cash.
( 2 )These securities are held of record by Delek GOM Investments. Delek GOM Holdings, LLC ("Holdings") is the sole member of Delek GOM Investments. DKL Investments Limited ("DKL") is the sole member of Holdings. The sole stockholder of DKL is Delek Group Ltd. ("Delek Group"). As of the date of this report, the majority of Delek Group's outstanding share capital and voting rights are owned, directly and indirectly, by Itshak Sharon Tshuva through private companies wholly-owned by him. As such, Itshak Sharon Tshuva, Delek Group, DKL and Holdings may each be deemed to have voting and investment power with respect to the securities held by Delek GOM Investments noted above and as a result may be deemed to have beneficial ownership over such securities. Each reporting person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such reporting person's pecuniary interest.
( 3 )The Convertible Debenture was convertible into shares of Common Stock at the option of Delek GOM Investments at a conversion price of $0.05 per share of Common Stock (subject to adjustment).
( 4 )This number is based only on the conversion of the principal amount of $1,220,548, and does not include the 17,500,000 shares of Common Stock issuable for the $129,211 of accrued and unpaid interest. The Convertible Debenture earned interest at a rate of 12% per annum with interest payable at maturity, or 15% per annum upon an event of default.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.