SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
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SCHEDULE 13D/A |
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Under the Securities Exchange Act of 1934 |
(Amendment No. 4) |
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MANAS PETROLEUM CORPORATION |
(Name of Issuer) |
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COMMON STOCK, PAR VALUE $0.001 PER SHARE |
(Title of Class of Securities) |
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56176Q 10 2 |
(CUSIP Number) |
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Peter-Mark Vogel |
Haabweg 2 |
Baech, Switzerland 8806 |
Tel: 011 41 44 718 10 32 |
(Name, Address and Telephone Number of Person |
Authorized to Receive Notices and Communications) |
|
June 12, 2012 |
(Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box.[ ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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| NAME OF REPORTING PERSONS Peter-Mark Vogel |
2
| CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] |
3 | SEC USE ONLY |
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| SOURCE OF FUNDS PF |
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| CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] |
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| CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7
| SOLE VOTING POWER 11,620,212 |
8
| SHARED VOTING POWER Nil |
9
| SOLE DISPOSITIVE POWER 11,620,212 |
10
| SHARED DISPOSITIVE POWER Nil |
11
| AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,620,2121 |
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| CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13
| PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.7%2based on 172,592,292 shares of common stock outstanding as of December 31, 2013 |
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| TYPE OF REPORTING PERSON IN |
________________________________________
1Consists of 10,620,212 shares of common stock and 1,000,000 options exercisable within 60 days.
2Shares of common stock subject to Mr. Vogel’s options currently exercisable, or exercisable within 60 days, are deemed outstanding for purposes of computing the percentage ownership by Mr. Vogel.
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Item 1. Security and Issuer
This statement is being filed on behalf of Peter-Mark Vogel, relating to the shares of common stock, par value $0.001 per share, of Manas Petroleum Corporation, a corporation incorporated under the laws of the State of Nevada (the “Issuer”). The principal executive office of the Issuer is located at Bahnhofstrasse 9, 6341 Baar, Switzerland
Item 2. Identity and Background
(a) | This statement is filed by Peter-Mark Vogel. |
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(b) | The residential address of Peter-Mark Vogel is Haabweg 2, 8806 Baech Switzerland. |
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(c) | Mr. Vogel is the Issuer’s Chief Financial Officer, Treasurer and Secretary, and is on the board of directors of the Issuer’s subsidiary. |
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(d) | During the last five years, Mr. Vogel has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). |
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(e) | During the last five years, Mr. Vogel has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
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(f) | Mr. Vogel is a citizen of Switzerland |
Item 3. Source and Amount of Funds or Other Consideration
On April 10, 2007, the Issuer completed the acquisition of DWM Petroleum AG, a Swiss company, under a share exchange agreement that it entered into with DWM Petroleum and the shareholders of DWM Petroleum on November 23, 2006. Under this share exchange agreement, Mr. Vogel received 17,748,599 shares of the Issuer’s common stock in exchange for 227,136 shares of DWM Petroleum held by him.
On April 1, 2007, the Issuer entered into an employment and non-competition agreement with Mr. Vogel. As a portion of consideration for the services that Mr. Vogel agreed to render pursuant to his employment agreement, the Issuer granted Mr. Vogel stock options to purchase 1,750,000 shares of its common stock at a price of $4.00 per share pursuant to the Issuer’s stock option plan.
On October 2, 2009, Mr. Vogel acquired 266,666 shares of the Issuer’s common stock pursuant to a trust agreement with Heinz Scholz. According to a side agreement between the founders of DWM Petroleum AG, Mr. Thomas Flottmann was eligible to obtain 500,000 shares of the Issuer after one year. These bonus shares came from Heinz Scholz, Alexander Becker and Peter-Mark Vogel, each one third (166,666 shares). Furthermore, Heinz Scholz had an agreement with Mr. Rahul Sen Gupta, the former CFO, concerning bonus shares of 100,000, Mr. Vogel and Scholz agreed that Mr. Vogel would provide these shares from his allocation subject to a trust agreement between both parties. In accordance to the trust agreement Heinz Scholz holds 266,666 shares in trust for Peter-Mark Vogel. As of the date of this statement, the 266,666 shares are held directly by Mr. Vogel.
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On February 24, 2010, the Issuer granted stock options to Mr. Vogel to purchase an aggregate of 1,000,000 shares of the Issuer’s common stock at an exercise price of $0.70 per share for a term expiring February 22, 2015. The options vested in 12 quarterly instalments, subject to proration to account for any partial calendar quarter at the beginning of the vesting period, with the first instalment to vest on the first day of the first full calendar quarter after the date of Mr. Vogel’s stock option agreement, and with each subsequent instalment to vest on the first day of each calendar quarter thereafter. On March 1, 2013, Mr. Vogel agreed to the cancellation of 1,000,000 stock options exercisable at $0.70 for no consideration.
On February 1, 2009, the Issuer entered into a termination agreement with Mr. Vogel, releasing him as its Executive Director. As a result of his termination, all of his options granted prior to the termination were cancelled on May 1, 2009.
On September 22, 2011, the Issuer granted stock options to Mr. Vogel to purchase an aggregate of 1,000,000 shares of the Issuer’s common stock, at an exercise price of $0.215 per share for a term expiring September 22, 2021. The stock options vest in four equal installments over 24 months, with installments vesting at six months, 12 months, 18 months and 24 months after the date of grant.
Since April 20, 2010, Mr. Vogel has acquired or disposed of securities as follows:
Transaction Date |
Title of Security | No. of Securities Sold | No. of Securities Purchased | Price Per Share or Unit |
Balance |
| common stock | | | | 11,620,212 |
12-Jun-12 | common stock | (460,820) | | $ 0.16 | 15,505,312 |
13-Jun-12 | common stock | (10,000) | | $ 0.16 | 15,495,312 |
14-Jun-12 | common stock | (5,000) | | $ 0.16 | 15,490,312 |
15-Jun-12 | common stock | (10,000) | | $ 0.16 | 15,480,312 |
18-Jun-12 | common stock | (30,000) | | $ 0.16 | 15,450,312 |
20-Jun-12 | common stock | (5,000) | | $ 0.16 | 15,445,312 |
10-Jul-12 | common stock | (75,100) | | $ 0.16 | 15,370,212 |
25-Mar-13 | common stock | (500,000) | | $ -1 | 14,870,212 |
25-Mar-13 | common stock | (1,750,000) | | $ 0.08 | 13,120,212 |
6-May-13 | common stock | (2,500,000) | | $ -2 | 10,620,212 |
Title of Derivative Security |
Conversion or Exercise Price of Derivative Security |
Transaction Date (M/D/Y) |
Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) |
Date Exercisable |
Expiration Date |
Title of Securities Underlying Derivative Security |
Amount of Securities Underlying Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction |
Stock Options | $0.70 |
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| 1-Mar-10 | 24-Feb-15 | common stock | 1,000,000 | 1,000,000 |
Stock Options | $0.215 | 22-Sep-11 | A | 1,000,000 | 22-Mar-12 | 22-Sep-21 | common stock | 1,000,000 | 2,000,000 |
Stock Options | $0.70 | 3-Feb-13 | D | (1,000,000) | 1-Mar-10 | 24-Feb-15 | common stock | (1,000,000) | 1,000,000 |
________________________________________
1These shares were transferred for no consideration as a gift to Mrs. Anastasia Vogel.
2These shares were transferred for no consideration pursuant to a stock transfer agreement dated December 17, 2012 between Mr. Vogel and Werner Ladwein. 2,394,920 shares were transferred on May 6, 2013 and the balance will be transferred prior to December 17, 2013.
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Item 4. Purpose of the Transaction
Mr. Vogel acquired the securities of the Issuer for investment purposes. Depending on market conditions and other factors, Mr. Vogel may acquire additional securities of the Issuer as he deems appropriate, whether in open market purchases, privately negotiated transactions or otherwise. Mr. Vogel also reserves the right to dispose of some or all of the securities in the open market, in privately negotiated transactions to third parties or otherwise.
Mr. Vogel expects to evaluate on an ongoing basis his investment in the Issuer, and may from time to time acquire additional or dispose of securities of the Issuer (in each case, depending upon general investment policies, market conditions and other factors) or formulate other purposes, plans or proposals regarding the Issuer or the securities held by Mr. Vogel to the extent deemed advisable in light of general investment policies, market conditions and other factors. Any such acquisitions or dispositions may be made, subject to applicable law, in open market transactions, privately negotiated transactions or, in the case of dispositions, pursuant to a registration statement. Mr. Vogel may act independently in evaluating and effecting any such transactions.
Except as set forth elsewhere in this statement, Mr. Vogel has no plans or proposals which relate to or would result in:
| (a) | The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; |
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| (b) | An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; |
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| (c) | A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; |
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| (d) | Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; |
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| (e) | Any material change in the present capitalization or dividend policy of the Issuer; |
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| (f) | Any other material change in the Issuer's business or corporate structure, including but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940; |
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| (g) | Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; |
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| (h) | Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
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| (i) | A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or |
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| (j) | Any action similar to any of those enumerated above |
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Item 5. Interest in Securities of the Issuer
| (a) | The aggregate number and percentage of common stock of the Issuer beneficially owned by Mr. Vogel is 11,620,2121shares, or approximately 6.7%2of the Issuer, based on 172,592,292 shares of common stock outstanding as of the date of this statement. |
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| (b) | Mr. Vogel has the sole power to vote or direct the vote, and to dispose or direct the disposition of 11,620,212 shares of common stock of the Issuer. |
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| (c) | The response to Item 3 is responsive to this Item. |
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| (d) | Not applicable |
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| (e) | Not applicable |
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
To the knowledge of Mr. Vogel, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
Pursuant to Rule 13d-1(k) promulgated under the Act, the Reporting Persons have entered into an agreement, attached hereto as exhibits, with respect to the joint filing of this statement, and any amendment or amendments hereto.
Item 7. Material To Be Filed as Exhibits
10.1 | June 22, 2009 Trust Agreement with Raul Sen Gupta (attached as an exhibit to the Schedule 13D/A filed on March 31, 2010) |
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10.2 | October 2, 2009 Trust Agreement with Heinz Scholz (attached as an exhibit to the Schedule 13D/A filed on March 31, 2010) |
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10.3 | October 2, 2009 Trust Agreement with Thomas Flottmann (attached as an exhibit to the Schedule 13D/A filed on March 31, 2010) |
________________________________________
1Consists of 10,620,212 shares of common stock and 1,000,000 options exercisable within 60 days.
2Shares of common stock subject to Mr. Vogel’s options currently exercisable, or exercisable within 60 days, are deemed outstanding for purposes of computing the percentage ownership by Mr. Vogel.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated:December 31, 2013
/s/ Peter-Mark Vogel | |
Signature | |
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Peter-Mark Vogel | |
Name/Title | |
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001).
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