SEC Form 4 · accession 0001354488-15-000084

PEDEVCO CORP · PED

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Moore Clark

Officer — Executive Vice President

Period of report

Jan 5, 2015

Accepted (ET)

Jan 7, 2015 · 5:15 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001141197

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jan 5, 2015	S	35,000	$0.4116	D	1,029,234	D
Common Stock^F2,F3	Jan 7, 2015	A	270,000	$0.37	A	1,299,234	D
Common Stock^F4	holding	—	—		—	57,334	I	By minor children

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Incentive Stock Option (Right to Buy)^F5	$0.37	Jan 7, 2015	A	270,000	A	Jan 7, 2015	Jan 7, 2020	Common Stock	270,000	270,000	D
Common Stock Warrant (Right to Buy)	$2.34	holding	—	—	—	Dec 16, 2013	Dec 16, 2017	Common Stock	1,906	1,906	D
Common Stock Warrant (Right to Buy)	$5.25	holding	—	—	—	Mar 22, 2013	Mar 22, 2017	Common Stock	953	953	D
Incentive Stock Option (Right to Buy)	$0.51	holding	—	—	—	Dec 18, 2012	Jun 18, 2022	Common Stock	44,467	44,467	D
Non-Qualified Stock Option (Right to Buy)	$0.51	holding	—	—	—	Dec 18, 2012	Jun 18, 2022	Common Stock	188,867	188,867	D

Explanation of responses

F1All sales were sold pursuant to a 10b5-1 trading plan previously adopted by Reporting Person on December 15, 2014 to satisfy Reporting Person's tax liability in connection with the January 1, 2015 vesting of certain shares of restricted stock which were granted under the Company's 2012 Equity Incentive Plan, which grant was exempt from Section 16(b) pursuant to Rule 16b-3(d).
F2Common stock of Issuer granted to Reporting Person and subject to forfeiture as follows: (i) 40% of the shares on the nine (9) month anniversary of the Grant Date; (ii) 20% on the twelve (12) month anniversary of the Grant Date; (iii) 20% on the eighteen (18) month anniversary of the Grant Date; and (iv) 20% on the twenty-four (24) month anniversary of the Grant Date, subject to the Recipient being an employee of, or consultant to, the Company on such vesting date, and subject to the terms and conditions of a Restricted Stock Agreement.
F3Reporting Person's holding includes: 83,334 shares; 219,500 shares; 315,00 shares and 270,000 shares issued pursuant to restricted stock grants, and 411,400 remaining of Founders stock.
F4Represents 28,667 shares of the Issuer's common stock owned by each of Reporting Person's two minor children.
F5Incentive Stock Option granted to Reporting Person with vesting as follows: (i) 50% of the shares on the six (6) month anniversary of the Grant Date; (ii) 20% on the twelve (12) month anniversary of the Grant Date; (iii) 20% on the eighteen (18) month anniversary of the Grant Date, and (iv) 10% on the twenty-four (24) month anniversary of the Grant Date, subject to the recipient being an employee of, or consultant to, the Company on such vesting date and subject to the terms and conditions of a Stock Option Agreement.