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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
WESTMOUNTAIN GOLD, INC. [ WMTN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/26/2014 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 05/26/2015 | 05/15/2015 | P(1) | 2,500,000 | A | $0.12 | 30,821,857 | D | ||
Common Stock | 05/26/2015 | 05/15/2015 | P(2) | 6,870,583 | A | $0.12 | 30,821,857 | D | ||
Common Stock | 05/26/2015 | 05/15/2015 | P(3) | 11,639,075 | A | $0.12 | 30,821,857 | D | ||
Common Stock | 05/27/2015 | 05/15/2015 | P(4) | 4,886,615 | A | $0.05 | 30,821,857 | D | ||
Common Stock | 05/27/2015 | 05/15/2015 | P(5) | 2,000,000 | A | $0.01 | 30,821,857 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Warrant | $0.01 | 05/27/2015 | 05/15/2015 | X(5) | 1,000,000 | 04/23/2014 | 04/21/2019 | Common | 1,000,000 | $0.001 | 15,684,292 | D | |||
Warrant | $0.01 | 05/27/2015 | 05/15/2015 | X(5) | 22,000 | 04/23/2014 | 04/22/2019 | Common | 22,000 | $0.001 | 15,684,292 | D | |||
Warrant | $0.01 | 05/27/2015 | 05/15/2015 | X(5) | 200,000 | 04/23/2014 | 11/15/2019 | Common | 200,000 | $0.001 | 15,684,292 | D | |||
Warrant | $0.05 | 05/27/2015 | 05/15/2015 | X(4) | 1,250,000 | 04/23/2014 | 10/01/2022 | Common | 1,250,000 | $0.001 | 15,684,292 | D | |||
Warrant | $0.05 | 05/27/2015 | 05/15/2015 | X(4) | 1,136,615 | 04/23/2014 | 09/30/2022 | Common | 1,136,615 | $0.001 | 15,684,292 | D | |||
Warrant | $0.01 | 05/27/2015 | 05/15/2015 | X(5) | 715,500 | 04/23/2014 | 04/22/2019 | Common | 715,500 | $0.001 | 15,684,292 | D | |||
Warrant | $0.05 | 05/27/2015 | 05/15/2015 | X(4) | 1,250,000 | 04/23/2014 | 05/07/2023 | Common | 1,250,000 | $0.001 | 15,684,292 | D | |||
Warrant | $0.05 | 05/27/2015 | 05/15/2015 | X(4) | 1,250,000 | 04/22/2014 | 06/26/2023 | Common | 1,250,000 | $0.001 | 15,684,292 | D | |||
Warrant | $0.01 | 05/27/2015 | 05/15/2015 | X(5) | 62,500 | 04/23/2014 | 08/01/2021 | Common | 62,500 | $0.001 | 15,684,292 | D | |||
Convertible Note | $0.45 | 09/17/2012 | 09/17/2012 | J(6) | 5,673,955 | (7) | (8) | Common | 5,673,955 | $2,553,280 | 15,684,292 | D | |||
Convertible Note | $0.12 | 09/17/2012 | 09/17/2012 | J(6) | 15,434,292 | (7) | (8) | Common | 15,434,292 | $1,852,115 | 15,684,292 | D |
Explanation of Responses: |
1. The common stock received represents the conversion of Secured Convertible Promissory Notes in the principal amount of $300,000 at a per share price of $0.12. |
2. The common stock received represents the conversion of accrued interest from certain Promissory Notes in the amount of $824,470 at a per share price of $0.12. |
3. The common stock received represents the conversion of accrued interest from certain Promissory Notes in the amount of $1,396,689 at a per share price of $0.12. |
4. Execution of previously report warrants, exercised at a price of $0.05 per agreement with issuer. |
5. Execution of previously reported warrant. |
6. The Reporting Person purchased a Convertible Revolving Line of Credit in the principal amount of $1,852,115. The Note bears interest at an annual rate of 15% and principal and accrued interest may be converted into the Company's common stock at the initial rate of $3.00 per share ("Conversion Rate") at the Lender's option. On May 15, 2015 principal totaled $1,852,115 and accrued interest totaled $824,470, which was converted in to common stock at $0.12 as of May 26, 2015. The Principal remains outstanding, and accrues interest at an annual rate of 8%. The current conversion rate, subject to adjustment based on subsequent Company financing, at present equals $0.12 per share of the Company's Common Stock. |
7. Convertible Notes are exercisable upon receipt thereof by the Reporting Person. |
8. Convertible Notes are no longer exercisable upon receipt of all amounts due thereunder by the Reporting Person. |
BOCO Investments, LLC By: Bohemian Asset Management, Inc., its Manager /s/ Joseph C. Zimlich, President | 06/02/2015 | |
** 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. | ||
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. |