Sec Form 4 Filing - Oppenheim Joel Martin @ Petrolia Energy Corp - 2018-09-30

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
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)
121 N. POST OAK LANE, APT. 1201
3. Date of Earliest Transaction (MM/DD/YY)
09/30/2018
(Street)
HOUSTON, TX77024
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 Shares 11/09/2018 11/09/2018 P 175,932 ( 1 ) A $ 0.06 6,295,122 D
Common Shares (Restricted) 11/13/2018 11/13/2018 A 312,500 ( 2 ) A $ 0.08 6,607,622 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
Warrants $ 0.1 09/30/2018 09/30/2018 A 250,000 ( 3 ) ( 4 ) 01/01/2019 01/01/2021 Common 250,000 ( 3 ) ( 4 ) $ 0.1 4,425,833 D
Warrants $ 0.1 09/30/2018 09/30/2018 A 250,000 ( 4 ) ( 5 ) 09/30/2018 09/30/2021 Common 250,000 ( 4 ) ( 5 ) $ 0.1 4,675,833 D
Warrants $ 0.1 10/31/2018 10/31/2018 A 625,000 ( 2 ) ( 4 ) 10/31/2018 11/01/2020 Common 625,000 ( 2 ) ( 4 ) $ 0.1 5,300,833 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Oppenheim Joel Martin
121 N. POST OAK LANE, APT. 1201
HOUSTON, TX77024
X
Signatures
/s/ Joel M Oppenheim 12/07/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Oppenheim acquired these shares in a private third-party transaction at a market value of $0.06/share.
( 2 )Mr. Oppenheim participated in Private Placement #4 at $0.08/share, participants also received 2x warrants for every share, exercisable for 2 years.
( 3 )Mr. Oppenheim receives a 250,000-warrant issuance quarterly as part of his compensation 2018 compensation package for his service on the Board; exercisable for a 24 months period as of January 1, 2019.
( 4 )Each Warrant unit represents a contingent right to receive one share of Petrolia's common stock.
( 5 )The Transactions reported were part of a LOC agreement, where by the reporting person was to receive 250,000 warrants quarterly, exercisable for 3 years. The exercise price of the additional warrants will be based on the average common stock market price over the previous 90 days.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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