Foothills Exploration (FTXP) Form 3 FOOTHILLS EXPLORATION / Bruno P. Allaire ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Allaire Bruno P.

(Last) (First) (Middle)

633 17TH STREET, SUITE 1700

(Street)

DENVER, CO 80202

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/17/2017

3. Issuer Name and Ticker or Trading Symbol
FOOTHILLS EXPLORATION, INC. [ FTXP ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	150,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	(1)	05/19/2021	Common Stock	50,000	2	D
Non-Qualified Stock Option (right to buy)	(2)	05/19/2021	Common Stock	50,000	3	D
Non-Qualified Stock Option (right to buy)	(3)	05/19/2021	Common Stock	50,000	4	D

Explanation of Responses:

1. Granted on 5/19/16 and vested once the Company achieves and maintains total average daily production level of 100 barrels of oil equivalent per day for at least 30 days.

2. Granted on 5/19/16 and vested once the Company achieves and maintains total average daily production level of 200 barrels of oil equivalent per day for at least 60 days.

3. Granted on 5/19/16 and vested once the Company achieves and maintains total average daily production level of 300 barrels of oil equivalent per day for at least 90 days.

	/s/ Bruno P. Allaire	11/27/2017
	** 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 5 (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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