Sec Form 4/A Filing - Oppenheim Joel Martin @ Petrolia Energy Corp - 2017-05-23

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

Form 4: Statement of changes in beneficial ownership, filed before the end of the 2nd business day following the day on which a transaction resulting in a change in beneficial ownership.

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The following is an SEC EDGAR document rendered as filed.
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FORM 4/A
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 *
Oppenheim Joel Martin
2. Issuer Name and Ticker or Trading Symbol
Petrolia Energy Corp [ BBLS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2035 SUL ROSS STREET
3. Date of Earliest Transaction (MM/DD/YY)
05/23/2017
(Street)
HOUSTON, TX77098
4. If Amendment, Date Original Filed (MM/DD/YY)
11/16/2017
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 08/01/2017 08/01/2017 M( 2 ) 2,000,000 ( 2 ) A $ 0.14 3,270,000 ( 2 ) D
Common Stock 09/15/2017 09/15/2017 M( 3 ) 1,035,000 ( 3 ) A $ 0.06 4,305,000 ( 3 ) D
Preferred Stock 05/26/2017 05/26/2017 A 17,590 ( 4 ) A $ 10 17,590 ( 4 ) D
Preferred Stock 06/02/2017 06/02/2017 A 2,900 ( 5 ) A $ 10 20,590 ( 5 ) D
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 $ 0.14 08/01/2017 08/01/2017 P 2,000,000 ( 2 ) 08/01/2017 08/01/2020 Common 2,000,000 ( 2 ) $ 0.14 4,537,500 ( 2 ) D
Warrant $ 0.06 09/15/2017 09/15/2017 C( 3 ) 1,035,000 ( 3 ) 09/23/2015 09/23/2018 Common 1,035,000 ( 3 ) $ 0.06 3,502,500 ( 3 ) D
Warrant $ 0.12 05/23/2017( 1 ) 05/23/2017 P 500,000 ( 6 ) 05/23/2017 05/23/2020 Common 500,000 ( 6 ) $ 0.12 2,267,500 ( 6 ) D
Warrant $ 0.22 05/23/2017( 1 ) 05/23/2017 P 270,000 ( 7 ) 05/23/2017 05/23/2020 Common 270,000 ( 7 ) $ 0.2 2,537,500 ( 7 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Oppenheim Joel Martin
2035 SUL ROSS STREET
HOUSTON, TX77098
X
Signatures
/s/ Joel M Oppenheim 02/13/2018
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )The original Form 4 indicated an earliest transaction date of 05/23/2017, it should have been 08/01/17.
( 2 )The original Form 4 filed on 11/16/2017 erroneously reported the number 280,000. The correct number is 2,000,000 Common Shares and was previously reported on 09/15/2017. Additionally, 2,000,000 Warrants @ $0.14/share, exercisable for 3 years from transaction date, were issued in connection with the board-approved transaction that helped to guarantee a $200,000 Line of credit. The details will be disclosed in the forthcoming 2017 10-k filing.
( 3 )The original Form 4 filed on 11/16/2017 erroneously reported the number 62,065. The correct number is 1,035,000 Common Shares. The disposition of warrants associated with this transaction was a collection of smaller warrant issuances that were all set at a $0.06/share conversion rate.
( 4 )The original Form 4 filed on 11/16/2017 erroneously reported the number 175,900. The correct number is 17,590 Preferred Shares and was previously reported form 4, dated 06/16/2017.
( 5 )The original Form 4 filed on 11/16/2017 erroneously reported the number 29,000. The correct number is 2,900 Preferred shares.
( 6 )The original Form 4 filed on 11/16/2017 erroneously reported the issuance of 500,000 warrants twice; once in the original Form 4 dated 06/16/2017 and the original Form 4, dated 11/16/2017.
( 7 )The original Form 4 filed on 11/16/2017 erroneously reported the issuance of 270,000 warrants twice; once in the original Form 4 dated 06/16/2017 and the original Form 4, dated 11/16/2017.

Remarks:
All other line items previously reported on the original Form 4 have been omitted from this Form 4/A as they have not changed.

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).

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