SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Savage Mark S

(Last) (First) (Middle)
13911 RIDGEDALE DRIVE, SUITE 375

(Street)
MINNETONKA MN 55305

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/19/2017
3. Issuer Name and Ticker or Trading Symbol
DALA PETROLEUM CORP. [ DALP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President, CEO, Treasurer, CFO
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 12,100,000 I M2 Equity Partners LLC(1)(2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Mr. Savage is the co-founder and owner of approximately 33.1% of the Membership Interest of M2 Equity Partners LLC, a Minnesota limited liability company ("M2"), which is the record and beneficial owner of 12,100,000 shares of common stock of Dala Petroleum Corp. (the "Company") or approximately 88.4% of its outstanding voting securities, consisting of common voting stock. Based upon the percentage of ownership of the Membership Interest in M2 by the reporting person and the number of shares owned by M2 in the Company, the reporting person is the indirect beneficial owner of approximately 4,000,000 shares of common voting stock of the Company or approximately 29.2% interest.
2. Mr. Savage and the other co-founder of M2, Matthew Atkinson, who is also the Manager of M2, jointly own a majority voting interest or approximately 66.2% of the voting of the Membership Interest in M2, which voting interest is sufficient to control the election of the Manager and all matters believed to be material to the ownership of these shares by M2, except the voluntary dissolution of M2 and the distribution of these shares to M2 members, which would require the affirmative vote of all members.
/s/Mark Savage 08/02/2017
** 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 5 (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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