PINX:XBOR Cross Border Resources Inc Insider Activity 144 Filing - 5/15/2012

Effective Date 5/15/2012

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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0101
Washington, D.C. 20549 Expires: February 28, 2014
  Estimated average burden
FORM 144 hours per response 1.00
NOTICE OF PROPOSED SALE OF SECURITIES SEC USE ONLY
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 DOCUMENT SEQUENCE NO.
   
  CUSIP NUMBER

ATTENTION:  Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.

 

   
1 (a) NAME OF ISSUER (Please type or print) (b) IRS IDENT. NO. (c) S.E.C. FILE NO WORK LOCATION
CROSS BORDER RESOURCES, INC. 98-0555508 000-52738  
1 (d) ADDRESS OF ISSUER  STREET  CITY STATE ZIP CODE (e) TELEPHONE NO
 

22610 US Highway 281 N.

Suite 218

 

SAN ANTONIO  TX 78258  210 226-6700
2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD   (b) RELATIONSHIP TO ISSUER (c) ADDRESS STREET  CITY STATE ZIP CODE

LAWRENCE J. RISLEY

(for shares held indirectly through the Risley Revocable Living Trust)

  PRESIDENT AND CHIEF OPERATING OFFICER

 22610 US Highway 281 N.

Suite 218

 

SAN ANTONIO TX

 

78258

                   

INSTRUCTION:  The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

 

3 (a) (b) SEC USE ONLY (c) (d) (e) (f) (g)
Title of the     Number of Shares Aggregate Number of Shares Approximate Name of Each
Class of Name and Address of Each Broker Through Whom the Broker-Dealer or Other Units Market or Other Units Date of Sale Securities
Securities To Be Sold Securities are to be Offered or Each Market Maker File Number To Be Sold Value Outstanding (See instr. 3(f)) Exchange
  who is Acquiring the Securities   (See instr. 3(c)) (See instr. 3(d)) (See instr. 3(e)) (MO.  DAY  YR.) (See instr. 3(g))
COMMON STOCK

EDWARD JONES

1710 W. Lake Houston Parkway

Suite 190, Woodforest Bank Bldg

Kingwood, TX 77339

 

 

161,000

 

  $289,800

($1.80 closing price on May 11, 2012)

 16,151,946   5/17/2012  

 

INSTRUCTIONS:        
1. (a) Name of issuer   3. (a) Title of the class of securities to be sold
  (b) Issuer’s I.R.S. Identification Number     (b) Name and address of each broker through whom the securities are intended to be sold
  (c) Issuer’s S.E.C. file number, if any     (c) Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
  (d) Issuer’s address, including zip code     (d) Aggregate market value of the securities to be sold as of a specified date within 10 days prior to filing of this notice
  (e) Issuer’s telephone number, including area code     (e) Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer
          (f) Approximate date on which the securities are to be sold
2. (a) Name of person for whose account the securities are to be sold     (g) Name of each securities exchange, if any, on which the securities are intended to be sold
  (b) Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)        
  (c) Such person’s address, including zip code        

  

 
 

 

TABLE I — SECURITIES TO BE SOLD

Furnish the following information with respect to the acquisition of the securities to be sold

and with respect to the payment of all or any part of the purchase price or other consideration therefor:

 

Title of

the Class

Date you

Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired

(If gift, also give date donor acquired)

Amount of

Securities Acquired

Date of

Payment

Nature of Payment
Common Stock

1/3/2011

(See Note 1)

Merger Consideration

(See Note 1)

Issuer 188,844 1/3/2011 See Note 1

 

 

INSTRUCTIONS:   If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

 

 

 

TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHS

 

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

 

 

Name and Address of Seller Title of Securities Sold Date of Sale

Amount of

Securities Sold

Gross Proceeds

 

REMARKS:

 

 

 Note 1 – Effective January 3, 2011, Cross Border Resources, Inc. completed the acquisition of Pure Energy Group, Inc. (“Pure Sub”) as contemplated pursuant to the Agreement and Plan of Merger dated December 2, 2010 among the Company, Doral Acquisition Corp., the Company’s wholly owned subsidiary (“Doral Sub”), Pure Gas Partners II, L.P. (“Pure”) and Pure Sub. Upon completion of this merger, the outstanding shares of Pure Sub were converted into an aggregate of 9,981,536 shares of the Company’s common stock. Lawrence J. Risley was a partner in Pure prior to the merger. On February 9, 2011, Pure distributed its shares of the Company to its limited partners. Mr. Risley through the Risley Revocable Trust received 188,844 of these shares.

 

 

INSTRUCTIONS:   ATTENTION:
See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.   The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

 

 

  May 15,  2012     /s/ Lawrence J. Risley  
  DATE OF NOTICE     (SIGNATURE)
         
  DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION, IF RELYING ON RULE 10B5-1  

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.

Any copies not manually signed shall bear typed or printed signatures.

 

 

  ATTENTION:  Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

 

 

SEC 1147 (02-08)

 

PINX:XBOR Cross Border Resources Inc Insider Activity 144 Filling

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PINX:XBOR Cross Border Resources Inc Insider Activity 144 Filing - 5/15/2012
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