SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol WESTMOUNTAIN GOLD, INC. [ WMTN ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 12/14/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/02/2015 | J(1) | 3,961 | A | $0.69 | 2,889,870 | D | |||
Common Stock | 03/02/2015 | J(2) | 35,714 | A | $0.35 | 2,925,584 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrant | $0.75 | 12/14/2011 | 12/14/2011 | S(3) | 78,000 | 04/22/2011 | 04/22/2014 | Common | 78,000 | $0.001 | 7,136,615 | D | |||
Convertible Note | $0.45 | 09/17/2012 | 09/17/2012 | P(4) | 5,673,955 | 09/17/2012 | 09/17/2012 | Common | 5,673,955 | $2,553,280 | 12,810,570 | D | |||
Warrant | $0.75 | 04/23/2014 | 04/23/2014 | J(5)(6) | 1,000,000 | 04/22/2011 | 04/22/2014 | Common | 1,000,000 | $0.001 | 12,810,570 | D | |||
Warrant | $0.75 | 04/23/2014 | 04/23/2014 | J(5)(6) | 22,000 | 04/22/2011 | 04/22/2014 | Common | 22,000 | $0.001 | 12,810,570 | D | |||
Warrant | $4 | 04/23/2014 | 04/23/2014 | J(5)(6) | 200,000 | 11/15/2011 | 11/15/2021 | Common | 200,000 | $0.001 | 12,810,570 | D | |||
Warrant | $0.25 | 04/23/2014 | 04/23/2014 | J(6) | 1,250,000 | 10/01/2012 | 09/30/2017 | Common | 1,250,000 | $0.001 | 12,810,570 | D | |||
Warrant | $1.5 | 04/23/2014 | 04/23/2014 | J(6) | 1,136,615 | 10/01/2012 | 09/30/2017 | Common | 1,136,615 | $0.001 | 12,810,570 | D | |||
Warrant | $1.5 | 04/23/2014 | 04/23/2014 | J(5)(6) | 715,500 | 10/01/2012 | 09/30/2017 | Common | 715,500 | $0.001 | 12,810,570 | D |
Explanation of Responses: |
1. The common stock received represents a semi-annual dividend, due July 01, 2014, adjusted to account for previous overpayment of semi-annual dividend. |
2. The common stock received represents a semi-annual dividend, due January 01, 2015, as payment from the Issuer for its Series A Convertible Preferred Stock held by the Reporting Person. |
3. Warrants transferred. |
4. The Reporting Person purchased a Convertible Revolving Line of Credit in the principal amount of $1,852,115. The Note bears interest at an annual rate of 15% and principal and accrued interest may be converted into the Company's common stock at the initial rate of $3.00 per share ("Conversion Rate") at the Lender's option. On December 31, 2014 principal and interest totaled $2,553,280. The Conversion Rate is subject to adjustment based on subsequent Company financings and, at present, equals $0.45 per share of the Company's Common Stock. |
5. The previously reported warrants were re-priced as consideration for a Loan and Note Modification Agreement. |
6. The previously reported warrants were extended as consideration for a Loan and Note Modification Agreement. |
BOCO Investments, LLC By: Bohemian Asset Management, Inc., its Manager /s/ Joseph C. Zimlich, President | 03/12/2015 | |
** 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 4 (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. |