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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
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OMB Number 3235-0287
|_| Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: September 30, 1998
no longer subject Estimated average burden
to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, hours per response........0.5
Form 4 or Form 5 Section 17(a) of the Public Utility Holding Company Act of 1935 -------------------------------
obligations may or Section 30(f) of the Investment Company Act of 1940
continue. See
Instruction 1(b)
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1.Name and Address of Reporting Person* 2.Issuer Name AND Ticker or Trading Symbol 6.Relationship of Reporting Person to Issuer
(Check all applicable)
CRANBERG ALEX M. ESENJAY EXPLORATION, INC. (ESNJ) X Director X 10% Owner
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(Last) (First) (Middle) 3.IRS or Social Security 4.Statement for Officer (give Other (Specify
Number of Reporting Month/Year --- title --- below)
Person (Voluntary) below)
511 16TH STREET, SUITE 300 APRIL 2000 ---------------------------
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(Street) 5.If Amendment, 7.Individual or Joint/Group Filing
Date of Original (Check applicable line)
(Month/Year) X Form filed by One Reporting Person
DENVER COLORADO 80202 ---
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(City) (State) (Zip) --- Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1.Title of Security 2.Trans- 3.Transaction 4.Securities Acquired (A) 5.Amount of 6.Ownership 7.Nature of
(Instr. 3) action Code or Disposed of (D) Securities Form: Indirect
Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) or Beneficial
---------------------------------------------- Owned at End Indirect (I) Ownership
(Month/ of Month (Instr. 4) (Instr. 4)
Day/ Code V Amount (A) or Price (Instr. 3 and 4)
Year) (D)
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Common Stock 4/4/00 P 12,000 A $1.83/sh 12,000 D
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4,748,156 I Note 1
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* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response)
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FORM 4 (continued) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. 8) Acquired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
Note 4 Code V (A) (D) Exer- tion Title Number of
cisable Date Shares
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Option (See Note 2) $1.83/share 4/4/00 A 12,000 4/4/00 5/15/08 Common 12,000 Note 3
Stock
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Option (See Note 2) $2.10/share 4/4/00 A 12,000 5/15/00 5/15/09 Common 12,000 Note 3
Stock
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Option (See Note 2) $2.38/share 4/4/00 A 12,000 5/15/01 5/15/10 Common 12,000 Note 3
Stock
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1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) or (Instr. 4)
of Month Indirect (I)
(Instr. 4) (Instr. 4)
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Option (See Note 2) D
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Option (See Note 2) D
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Option (See Note 2) 36,000 D
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Explanation of Responses:
NOTE 1: INCLUDES 4,748,156 SHARES HELD INDIRECTLY BY THE REPORTING PERSON THROUGH ASPECT RESOURCES, LLC AND 54,112 SHARES HELD
BY THE REPORTING PERSON'S SPOUSE. THE REPORTING PERSON IS AN OFFICER, DIRECTOR AND PRINCIPAL SHAREHOLDER OF THE MANAGER OF ASPECT
RESOURCES, LLC. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THE SECURITIES HELD BY ASPECT RESOURCES, LLC, EXCEPT TO THE
EXTENT OF HIS PECUNIARY INTEREST THEREIN.
NOTE 2: OPTION REPRESENTS A RIGHT TO BUY 12,000 SHARES OF COMMON STOCK
NOTE 3: OPTION WAS AWARDED AS PART OF DIRECTORS COMPENSATION PACKAGE.
NOTE 4: TRANSACTION DATES ARE DATES OF ISSUANCE.
** Intentional misstatements or omissions of facts /s/ ALEX CRANBERG 5-9-00
constitute Federal Criminal Violations. ------------------------------------ ----------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). *Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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