SEC Form 4 · accession 0001354488-15-000543
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank C Ingriselli
Officer — CEO and Chairman · Director
Period of report
Feb 9, 2015
Accepted (ET)
Feb 10, 2015 · 4:08 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 StockF1 | Feb 9, 2015 | S | 33,750 | $0.6021 | D | 2,342,441 | D | |
| Common StockF4,F2 | Feb 10, 2015 | S | 100,000 | $0.003 | D | 2,242,441 | D |
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) | $0.375 | holding | — | — | — | Jan 7, 2015 | Jan 7, 2020 | Common Stock | 370,000 | 370,000 | D |
| Common Stock Warrant (Right to Buy)F3 | $2.34 | holding | — | — | — | Dec 16, 2013 | Dec 16, 2017 | Common Stock | 38,096 | 38,096 | I |
| Common Stock Warrant (Right to Buy)F3 | $5.25 | holding | — | — | — | Mar 22, 2013 | Mar 22, 2017 | Common Stock | 19,048 | 19,048 | I |
| Non-Qualified Stock Option (Right to Buy) | $0.51 | holding | — | — | — | Dec 18, 2012 | Jun 18, 2022 | Common Stock | 348,267 | 348,267 | D |
| Incentive Stock Option (Right to Buy) | $0.51 | holding | — | — | — | Dec 18, 2012 | Jun 18, 2022 | Common Stock | 42,533 | 42,533 | 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 February 9, 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).
- F2Reporting Person's holdings include 166,667 shares, 313,750 shares, 486,000 shares and 370,000 shares issued pursuant to restricted stock grants; 40,123 shares issued pursuant to an option exercise; 618,334 and 1,890 transferred from Global Venture Investments, LLC; 27,677 shares remaining from Founders stock grant; 190,000 acquired in private transactions and 28,000 acquired in open market purchases.
- F3Global Venture Investments, LLC is an entity 100% owned and controlled by Reporting Person.
- F4Common stock shares were transferred pursuant to a charitable gift in a private transaction.