1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
WATTS KENT | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | o | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
OO | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
United States of America | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
9,621,905 shares (1) | |||||
8 |
SHARED
VOTING POWER
| ||||
Nil shares | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
9,621,905 shares (1) | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
Nil Shares | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
9,621,905 shares of Common Stock | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
14.95%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
IN | |||||
Item 1. | Security and Issuer |
This statement relates to the voting common stock, par value $0.001, of Duma Energy Corp., a Nevada corporation (the "Issuer"). The Issuer maintains its principal executive offices at 800 Gessner, Suite 200, Houston, Texas 77024. |
Item 2. | Identity and Background |
(a) | This statement is filed by Mr. Kent Watts. |
(b) | The business address for Mr. Watts is:
3803 Pine Branch Drive Pearland, Texas 77581-8797 |
(c) | Mr. Watts is the Chairman and Chief Executive Officer of Hydrocarb Corporation, a Nevada Corporation, which is 100% owned by the Issuer. In addition, Mr. Watts is a director of, and the Chairman of the board of, the Issuer. |
(d) | During the last five years, the Reporting Person has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | During the last five years, the Reporting Person has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, there was or is a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
(f) | Mr. Watts is a citizen of the United States of America. |
Item 3. |
Source
and Amount of Funds or Other Consideration
|
Mr. Watts acquired 7,989,698 shares of the Issuer's Common Stock and 8,188 shares of the Issuer's Series A Preferred Stock at the closing of the Share Exchange Agreement ("Agreement") whereby Duma Energy Corp acquired Hydrocarb Corporation. The agreement is included as Exhibit 10.1 to Duma's 8-K filed on December 3, 2013 disclosing the Agreement.
Prior to the Agreement, Mr. Watts owned 4,607 shares of the Issuer's common stock, which he acquired in an open market purchase with personal funds. |
Item 4. |
Purpose
of Transaction
|
Kent Watts acquired his interest in shares of the Issuer's common stock as part of his overall investment strategy.
Subject to all relevant securities law restrictions, the Reporting Person may acquire or dispose of securities of the Issuer from time to time in the open market or in privately negotiated transactions with third parties, subject to and depending upon prevailing market conditions for such securities. |
(a) | the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; |
(b) | any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; |
(c) | a sale or transfer of a material amount of the assets of the Issuer or any of its subsidiaries; |
(d) | any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; |
(e) | any material change in the present capitalization or dividend policy of the Issuer; |
(f) | any other material change in the Issuer's business or corporate structure including, but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940; |
(g) | changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede acquisition of control of the Issuer by any person; |
(h) | causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
(i) | a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or |
(j) | any action similar to any of those enumerated above. |
Item 5. |
Interest
in Securities of the Issuer
|
(a) | For the purposes of this statement, Kent Watts is reporting herein that as of December 9, 2013 and as of the date hereof, he was the beneficial owner of 9,621,905 shares (or approximately 14.95%) of the Issuer's common stock, consisting of 7,984,305 shares of common stock and 8,188 shares of Series A Preferred Stock, which are convertible into 1,637,600 shares of common stock. |
(b) | For the purposes of this statement, Kent Watts is reporting herein that as of December 9, 2013 and as of the date hereof, he had the sole power to vote or to direct the voting of, or to dispose or to direct the disposition of 9,621,905 shares (or approximately 14.95%) of the Issuer's common stock, consisting of 7,984,305 shares of common stock and 8,188 shares of Series A Preferred Stock, which are convertible into 1,637,600 shares of common stock. |
(c) | As of the date hereof, and within the sixty day period prior thereto, no transactions involving the Issuer's equity securities had been engaged in by the Reporting Persons other than as disclosed herein. |
Transaction Date | Shares or Unites Purchased (Sold) | Price Per Share or Unit |
(d) | As of the date hereof, to the best knowledge and belief of the undersigned, no person other than the Reporting Persons had the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer's equity securities. |
(e) | Not Applicable. |
Item 6. |
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
Except as disclosed herein, the Reporting Person does not have any contract, arrangement, understanding or relationship with respect to securities of the Issuer including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies, and the Reporting Persons has not pledged securities of the Issuer nor are the securities of the Issuer held by the Reporting Person subject to a contingency, the occurrence of which would give another person voting power or investment power over such securities. |
Item 7. |
Material
to Be Filed as Exhibits
|
Not Applicable. |
December 09, 2013 | By: |
/s/
Kent Watts | |