SIRG - - SECURITY OWNERSHIP OF CERTAIN BENEFICIA
Post# of 4018
SIRG - - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth certain information regarding beneficial ownership of our Common Stock as of the Record Date by (i) each person (or group of affiliated persons) who is known by the Company to own more than five percent (5%) of the outstanding shares of Common Stock, (ii) each of the Company’s directors and executive officers, and (iii) all of the Company’s directors and executive officers as a group. Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of our Common Stock which may be acquired upon exercise of stock options or warrants which are currently exercisable or convertible or which become exercisable or convertible within 60 days after the date indicated in the table are deemed beneficially owned by the holders thereof. Subject to any applicable community property laws, the persons or entities named in the table below have sole voting and investment power with respect to all shares indicated as beneficially owned by them.
| Name and Address of Beneficial Owner(1) | Number of Shares Beneficially Owned | Percent of all Common Stock Outstanding(2) | Voting Common Stock from Preferred Shares Beneficially Owned | Total Percent of all Voting Common Stock | ||||||||||||
| Security Ownership of Management: | ||||||||||||||||
| J. Rod Martin – CEO and Director | 5,530,000 | 2.9 | % | 175,000,000 | 25.9 | % | ||||||||||
| Barton Budman – CFO and Director | 8,000,000 | 2.2 | % | 1.1 | % | |||||||||||
| Timothy Benjamin – Chairman of the Board | 4,576,000 | 1.2 | % | 175,000,000 | 25.7 | % | ||||||||||
| Ricardo Cordón – Director | 5,710,000 | 1.5 | % | * | ||||||||||||
| Michel Rowland – Director | 300,000 | * | * | |||||||||||||
| Carlos Cordón – Director | 3,500,000 | * | * | |||||||||||||
| All Directors and Officers as a Group | 27,616,000 | 7.9 | % | 350,000,000 | 54.1 | % | ||||||||||
| * | Less than 1% |
| (1) | Unless otherwise noted, the principal address of each of the directors and officers (and each director nominee) listed above is c/o Sierra Resource Group, Inc., 9550 S. Eastern Avenue, Suite 253, Las Vegas, Nevada 89123. |
| (2) | Based on 347,833,085 shares of Class A Common Stock issued and outstanding as of the Record Date, September 20, 2012. |
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