SEC Form 4 · accession 0001354488-15-000088

PEDEVCO CORP · PED

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

Reporting owner

Michael L Peterson

Officer — President and CFO

Period of report

Jan 5, 2015

Accepted (ET)

Jan 7, 2015 · 5:16 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	39,500	$0.4114	D	1,095,598	D
Common Stock^F2,F3	Jan 7, 2015	A	325,000	$0.37	A	1,420,598	D
Common Stock^F4	holding	—	—		—	5,209	I	By The Peterson Family Trust
Common Stock^F5	holding	—	—		—	36,668	I	By dependent 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)^F6	$0.37	Jan 7, 2015	A	325,000	A	Jan 7, 2015	Jan 7, 2020	Common Stock	325,000	325,000	D
Incentive Stock Option (Right to Buy)	$0.51	holding	—	—	—	Dec 18, 2012	Jun 18, 2022	Common Stock	63,800	63,800	D
Non-Qualified Stock Option (Right to Buy)	$0.24	holding	—	—	—	Mar 1, 2012	Oct 7, 2021	Common Stock	100,000	100,000	D
Non-Qualified Stock Option (Right to Buy)	$0.51	holding	—	—	—	Dec 18, 2012	Jun 18, 2022	Common Stock	269,534	269,534	D
Non-Qualified Stock Option (Right to Buy)	$67.20	holding	—	—	—	Sep 20, 2008	May 28, 2018	Common Stock	447	447	D
Non-Qualified Stock Option (Right to Buy)	$30.24	holding	—	—	—	Feb 2, 2011	Feb 2, 2021	Common Stock	2,977	2,977	D

Explanation of responses

F1All sales were sold pursuant to a 10b5-1 trading plan previously adopted by the 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 200,000, 247,500, 355,500, 200,000 and 325,000 shares issued pursuant to restricted stock grants; 85,000 balance of vested stock; 7,449 shares issued pursuant to debt conversion, and 149 shares issued pursuant to a 2008 Blast Stock grant.
F4Represents shares held by the Peterson Family Trust, a trust 100% owned by Mr. Peterson and his spouse.
F5Represents shares of Issuer's common stock 50% owned by each of the Reporting Person's two dependent children.
F6Incentive 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 or, or consultant to, the Company on such vesting date, and subject to the terms and conditions of a Stock Option Agreement.