Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 7 STOCKHOLDERS’ EQUITY

Common Stock Issued in Option Exercise

During the nine months ended September 30, 2016, the Company issued 25,000 shares of common stock as the result of option exercises. The options exercised had an exercise price of $4.50 per share. The Company received an aggregate amount of $112,500 as a result of the option exercises.

Also during the nine months ended September 30, 2016, the Company issued 395 shares of common stock as the result of the cashless exercise of the 500 options with an exercise price of $2.00 per share. The Company withheld 105 shares, valued at $1,000 or an average of $9.52 per share.

During the nine months ended September 30, 2017, the Company issued 55,180 shares of common stock as the result of option exercises. The following table presents the details of those exercises:

	Options exercised		Exercise price ($)		Shares issued		Shares retained		Stock price on date of exercise ($)		Aggregate value of shares retained ($)
		4,100		2.00		3,491		609		13.47	8,200.00
		60,000		2.00		50,156		9,844		12.19	120,000.00
		200		8.00		116		84		13.75	1,600.00
		1,500		10.89		1,188		312		13.75	16,335.00
		600		5.25		229		371		13.75	3,150.00

Totals		66,400				55,180		11,220			149,285.00
Average				2.25						13.31