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 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 06/10/2015 |
3. Issuer Name and Ticker or Trading Symbol
Royal Energy Resources, Inc. [ ROYE:US ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
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 | 175,000(1) | D | |
Common Stock | 25,597(2) | D |
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. Ganzer's ownership is subject to the right of the issuer to put membership interests in Blue Grove Coal, LLC to Mr. Ganzer and Gary Ganzer, Mr. Ganzer's father, for 10% of his shares if the put is exercised between ten and sixteen months after June 9, 2015, and for 20%, of his shares if the put is exercised between sixteen and twenty-four months after June 9, 2015. Mr. Ganzer also has the an option, with his father, to acquire the issuer's membership interests in Blue Grove Coal, LLC for consideration which includes 90% of his shares if the option is exercised between ten and sixteen months after June 9, 2015, and for 80% of his shares if the put is exercised between sixteen and twenty-four months after June 9, 2015. |
2. Mr. Ganzer's ownership vests on a monthly basis, pro rata, over 24 months starting on June 10, 2015. Any unvested shares will be forfeited by Mr. Ganzer if his employment relationship with Royal Energy Resources, Inc. terminates for any reason prior to the end of the vesting period. |
/s/ Ian Ganzer | 10/22/2015 | |
** 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 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. | ||
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. |