0001185185-15-000122.txt : 20150120 0001185185-15-000122.hdr.sgml : 20150119 20150120205517 ACCESSION NUMBER: 0001185185-15-000122 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150109 FILED AS OF DATE: 20150120 DATE AS OF CHANGE: 20150120 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Pegasi Energy Resources Corporation. CENTRAL INDEX KEY: 0001363254 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 204711443 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 218 N. BROADWAY, SUITE 204 CITY: TYLER STATE: TX ZIP: 75702 BUSINESS PHONE: (903) 595-4139 MAIL ADDRESS: STREET 1: 218 N. BROADWAY, SUITE 204 CITY: TYLER STATE: TX ZIP: 75702 FORMER COMPANY: FORMER CONFORMED NAME: MAPLE MOUNTAIN EXPLORATIONS INC. DATE OF NAME CHANGE: 20060517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Neufeld Michael H CENTRAL INDEX KEY: 0001422134 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-54842 FILM NUMBER: 15537296 MAIL ADDRESS: STREET 1: P.O. BOX 2033 CITY: TYLER STATE: TX ZIP: 75710 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2015-01-09 0 0001363254 Pegasi Energy Resources Corporation. PGSI 0001422134 Neufeld Michael H C/O PEGASI ENERGY RESOURCES CORPORATION 218 N. BROADWAY, SUITE 204 TYLER TX 75702 1 1 0 0 President, CEO Convertible Note 0.12 2015-01-09 4 P 0 100000 100000 A 2015-01-09 Common Stock 833333 100000 I By Teton, Ltd. Warrants 0.132 2015-01-09 4 P 0 277778 0 A 2015-01-09 2022-01-09 Common Stock 277778 277778 I By Teton, Ltd. The conversion price underlying the convertible note shall be equal to the lower of (i) $0.12 or (ii) the higher of (x) $0.05 or (y) the VWAP on the trading day immediately preceding the conversion date, subject to adjustment. Investor holding a majority in interest of the outstanding notes may demand a full payment of the note, provided that such demand cannot be made prior to January 9, 2016. The number of shares is based on the current conversion price. The reporting person may not convert the note if such conversion would result in the reporting person or any of its affiliates would beneficially own more than 4.99% of Common Stock. The exercise price underlying the warrant shall be the lower of (i) $0.132 or (ii) the higher of (x) $0.06 or (y) 110% of the VWAP on the trading day immediately preceding the date of the exercise notice, subject to adjustment. The reporting person may not exercise the warrant if such exercise would result in the reporting person or any of its affiliates would beneficially own more than 4.99% of Common Stock. /s/ Michael Neufeld 2015-01-20