Form 4: David Lubar Reports Hallador Energy Co. Transactions
SEC Form 4
David Lubar reports the conversion of convertible notes and acquisition of common stock in Hallador Energy Co.
Summary
- On March 29, 2024, David Lubar reported transactions involving Hallador Energy Co. (HNRG) common stock.
- Lubar Opportunities Fund I, LLC converted unsecured convertible notes into 1,279,182 shares of common stock at $6.254 per share.
- Additionally, Lubar Opportunities Fund I, LLC acquired 180,112 shares of common stock at $5.33 per share as payment for interest due on Unsecured Convertible Notes.
- Following these transactions, Lubar Opportunities Fund I, LLC beneficially owns 2,663,334 shares of common stock.
- Lubar Equity Fund owns 2,788,685 shares.
- David Lubar disclaims beneficial ownership in the shares owned by LOFI and LEF, except to the extent of his respective pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting transactions, so the sentiment is neutral.
Management Comments
- Mr. David Lubar disclaims beneficial ownership in the shares owned by LOFI and LEF, except to the extent of his respective pecuniary interest therein.
Industry Context
This filing indicates activity by a major shareholder in Hallador Energy, which could be of interest to other investors in the coal mining industry.
Stakeholder Impact
- The conversion of convertible notes and acquisition of shares may impact the ownership structure and potentially the stock price of Hallador Energy Co.
Key Dates
| Date | Description |
|---|---|
| 08/17/2022 | Date Exercisable of Convertible Note |
| 08/22/2024 | Expiration Date of Convertible Note |
| 03/28/2024 | Closing stock price used to calculate shares issued for interest payment. |
| 03/29/2024 | Date of transactions: conversion of notes and acquisition of shares. |
| 04/02/2024 | Date of signature on the Form 4. |
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