Tony Mason's interests are completely aligned with
Post# of 72
Posted On: 11/07/2012 11:14:07 PM
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Tony Mason's interests are completely aligned with ours. He holds 2.2 million shares of WGAS post split.
http://www.sec.gov/Archives/edgar/data/134264...120912.htm Interest of Officers and Directors in Matters to Be Acted Upon
Except for the election to our Board of the five nominees set forth herein, and approval of the Worthington Energy, Inc. 2012 Incentive Stock Option Plan, none of our officers or directors has any interest in any of the matters to be acted upon at the Annual Meeting. Officers and directors will be eligible to receive grants under the Worthington Energy, Inc. 2012 Incentive Stock Option Plan, in the discretion of the Board of Directors. See “Proposal No. 3 Approval of the Worthington Energy, Inc. 2012 Incentive Stock Option Plan”.
How much stock is owned by 5% stockholders, directors, and executive officers?
The following table sets forth the number of shares known to be beneficially owned by all persons who own at least 5% of the Company’s issued and outstanding common stock, the Company's directors, the executive officers, and the directors and executive officers as a group as of August 17, 2012, unless otherwise noted. Unless otherwise indicated, the stockholders listed in the table have sole voting and investment power with respect to the shares indicated.
Unless otherwise indicated in the footnotes to the following table, each person named in the table has sole voting and investment power and that person’s address is c/o Worthington Energy, Inc., 220 Montgomery Street, Suite 1094, San Francisco, CA 94104.
| NAME OF OWNER | TITLE OF CLASS | NUMBER OF SHARES OWNED (1) | PERCENTAGE OF COMMON STOCK (2) | |||
| Charles F. Volk, Jr. | Common Stock | 18,000,000 (3) | 6.72% | |||
| Anthony Mason | Common Stock | 22,500,000 (4) | 9.44% | |||
| Clifford W. Henry | Common Stock | 1,000,000 (5) | * | |||
| Paul Jordan | Common Stock | 638,880 (5) | * | |||
| Officers and Directors as a Group (4 persons) | Common Stock | 42,138,880 (6) | 15.63% | |||
| Black Cat Exploration & Production, LLC (7) | Common Stock | 22,500,000 | 8.49% | |||
| Montecito Offshore, LLC (8) | Common Stock | 15,000,000 | 5.67% | |||
| Charles Volk Revocable Family Trust (9) | Common Stock | 14,000,000 | 5.28% |
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* Denotes less than 1%
(1) 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 common stock subject to options or warrants currently exercisable or convertible, or exercisable or convertible within 60 days of August 17, 2012 are deemed outstanding for computing the percentage of the person holding such option or warrant but are not deemed outstanding for computing the percentage of any other person.
(2) Percentage based upon 264,965,326 shares of common stock issued and outstanding as of August 17, 2012.
(3) Includes 3,000,000 shares of common stock underlying options currently exercisable or exercisable within 60 days. Also includes 14,000,000 shares of common stock owned by the Charles Volk Revocable Family Trust. Charles Volk, as the Trustee of the Charles Volk Revocable Family Trust has investment and voting control over the shares held by the trust.
(4) Represents shares of common stock owned by Black Cat Exploration & Production, LLC.
(5) Represents shares of common stock underlying options currently exercisable or exercisable within 60 days.
(6) Includes 4,638,880 shares of common stock underlying options currently exercisable or exercisable within 60 days. Also includes 14,000,000 shares of common stock owned by the Charles Volk Revocable Family Trust.
(7) Anthony J. Mason, President, has investment and voting control over the shares held by this entity. The mailing address for this entity is 2727 Revere Street Suite #2009, Houston, Texas, 77019.
(8) Robert Smith, Managing Member, has investment and voting control over the shares held by this entity. The mailing address for this entity is 909 Poydras Street, Suite 2200, New Orleans, LA 70112.
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