SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Lowe R Atticus

(Last) (First) (Middle)
1205 COAST VILLAGE ROAD

(Street)
MONTECITO CA 93108

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EnerJex Resources, Inc. [ ENRJ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
09/27/2013
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 10/22/2012 10/22/2012 J(1) 9,013,359 D $0.00 5,800,562 I Shares held by Montecito Venture Partners(3)
Common Stock 10/23/2013 10/23/2013 J(1) 1,624,250 D $0.00 4,176,312 I Shares held by Montecito Venture Partners, LLC(3)
Common Stock 09/27/2013 09/27/2013 J(4)(5) 40,404,740(4)(5) A $0.00 52,217,209 I Shares held by West Coast Opportunity Fund, LLC(2)
Series A Preferred Stock 2,417,660 I Shares held by Montecito Venture Partners, LLC(3)
Common Stock 128,000 I Shares held in IRA
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. Pro rata liquidating distribution of Issuer's common stock from Montecito Venture Partners, LLC, of which Mr. Lowe is a member. The distribution effects only a change in the form of beneficial ownership and is therefore exempt from Section 16 pursuant to Rule 16a-13, and is being reported here for informational purposes only.
2. Shares are held by West Coast Opportunity Fund, LLC for the benefit of its members. The members are the beneficial owners of the shares reported herein. Some of the members are affiliated with the Reporting Person. The investments held by West Coast Opportunity Fund are managed by West Coast Asset Management, Inc. (the "Investment Manager").
3. Shares are held by Montecito Venture Partners, LLC, which Reporting Person serves on the Board of Managers.
4. The 40,404,740 shares of Issuer common stock represents the number of shares of West Coast Opportunity Fund, LLC ("WCOF") is entitled to receive in exchange for 123,539,227 shares of common stock of Black Raven Energy, Inc. (BRE), in connection with that certain Agreement and Plan of Merger (the "Merger Agreement") dated July 23, 2013, by and among Issuer, WCOF, BRE, and BRE Merger Sub, Inc., which became effective on September 27, 2013. In the Merger Agreement, Issuer common stock was attributed a value of $0.70 per share.
5. The calculation of shares is based upon an initial exchange ratio of 0.34791 shares of EnerJex common stock for each share of BRE common stock. This exchange ratio is subject to final adjustment pursuant to Section 2.1(d) of the Merger Agreement. The exchange ratio utilized in this Form 4 of 0.32706 shares of Issuer common stock in exchange for each share of BRE common stock is the exchange ratio set forth in the Merger Agreement adopted with the assumption that all BRE stockholders, other than WCOF, elect cash in the Merger. The final exchange ratio will not be determined until after the due date of this Form 4.
Remarks:
Reporting Person disclaims beneficial ownership of all securitires reported herein, except to the extent of his pencuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other person.
/s/ Atticus Lowe 11/05/2013
** Signature of Reporting Person Date
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.
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