Sec Form 4 Filing - Hutchins Daniel F @ INFINITY ENERGY RESOURCES, INC - 2021-03-31

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
Hutchins Daniel F
2. Issuer Name and Ticker or Trading Symbol
INFINITY ENERGY RESOURCES, INC [ IFNY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO, Treasurer & Secretary
(Last) (First) (Middle)
11900 COLLEGE BOULEVARD, SUITE 310
3. Date of Earliest Transaction (MM/DD/YY)
03/31/2021
(Street)
OVERLAND PARK, KS66210
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
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
Common Stock Purchase Option ( 1 ) $ 0.5 ( 1 ) 06/04/2021( 1 ) A( 1 ) 100,000 ( 1 ) 06/04/2022( 1 ) 06/04/2031 common stock 100,000 ( 1 ) $ 0 157,500 D
Convertible Promissory Note Payable ( 2 ) $ 0.5 ( 2 ) 03/31/2021( 2 ) J( 2 ) 03/31/2021( 2 ) 03/31/2026( 2 ) common stock 33,248 ( 2 ) $ 0 190,748 D
Warrant to purchase Common Stock ( 2 ) $ 0.5 ( 2 ) 03/31/2021( 2 ) J( 2 ) 3,324,813 ( 2 ) 03/31/2021( 2 ) 03/31/2026( 2 ) common stock ( 2 ) 3,324,813 ( 2 ) $ 0 3,515,561 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hutchins Daniel F
11900 COLLEGE BOULEVARD
SUITE 310
OVERLAND PARK, KS66210
X CFO, Treasurer & Secretary
Signatures
Daniel F. Hutchins 06/08/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On June 4, 2021 the Reporting Person was granted options to purchase 100,000 shares of common stock at $0.50 per share with a termination date of June 4, 2031. Such options to purchase common stock vest on June 4, 2022 contingent upon the Reporting Person's continued service to the Company at such point in time.
( 2 )On March 31, 2021 the Reporting Person agreed to exchange accrued but unpaid compensation and fees totaling $1,662,407 for a 3% convertible promissory note with a principal balance of $16,624 convertible into 33,248 common shares and a maturity date of March 31, 2026. In addition, the Reporting Person was issued detachable warrants to purchase a total of 3,324,813 shares of common stock at an exercise price of $0.50 per share.

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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