MMEX Resources (MMEX) Form 4 MMEX Resources / Bruce Lemons ownership change

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^*

Lemons Bruce

(Last) (First) (Middle)

7 NORTHRIDGE LANE

(Street)

SANDY UT 84092

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MMEX Resources Corp [ MMEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
Class A Common Stock								1,904,364	I	Shares owned by BNL Family Trust(1)
Class A Common Stock								327,369	I	Shares owned by AAM Investments, LLC(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Option to purchase	$0.08	12/11/2018		J		100,000		12/11/2018	12/11/2023	Class A Common Stock ($.001 par value)	100,000(4)	$0.08	0.00	I	Option owned by BNL Family Trust(1)
Option to purchase	$0.08	12/11/2018		J		100,000		12/11/2018	12/11/2023	Class A Common Stock ($.001 par value)(7)	100,000(5)(6)	$0.08	0.00	I	Option owned by BNL Family Trust(1)
Option to purchase	$0.002	08/29/2017		J		1,000,000		03/31/2017	03/31/2022	Class A Common Stock ($.001 par value)(7)	1,000,000(3)(6)	$0.002	0.00	I	Option owned by BNL Family Trust(1)
5% Convertible Note due 2020	$0.0003(7)	08/05/2019		C		54,545,455(7)		08/05/2019	08/05/2020	Class A Common Stock ($.001 par value)(7)	54,545,455(7)	$0.0003(7)	0.00	I	Owned by BNL Family Trust(1)

Explanation of Responses:

1. Mr. Lemons and his family are the beneficiaries of BNL Family Trust.

2. AAM Investments, LLC is indirectly owned by BNL Family Trust, a trust established for the benefit of Mr. Lemons and his family.

3. Maple Resources Corporation granted BNL Family Trust, a trust established for the benefit of Mr. Lemons and his family, an option to purchase 1,000,000 shares of Class A Common Stock at $0.002 per share through March 2022.

4. Maple Resources Corporation granted BNL Family Trust, a trust established for the benefit of Mr. Lemons and his family, an option to purchase 100,000 shares of Class A Common Stock at $0.08 per share through December 2023.

5. Maple Resources Corporation granted BNL Family Trust, a trust established for the benefit of Mr. Lemons and his family, an option to purchase 100,000 shares of Class A Common Stock at $0.08 per share through December 2023.

6. Class B common stock was converted into Class A common stock on 7/31/2019.

7. Number of shares and conversion price are estimated based on an assumed conversion of the principal balance of the note ($15,000) on date of issuance. The actual number of shares and conversion price will be determined based on a conversion price that is equal to 110% of the lowest conversion price from unaffiliated noteholders within twenty trading days of the date of conversion by noteholder.

Remarks:

	/s/ Bruce N. Lemons	08/08/2019
	** 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).
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