SEC Form 4 · accession 0001354488-15-001605
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
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 4:12 pm EDT
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 | Mar 31, 2015 | G | 40,000 | $0.003 | D | 1,177,484 | D | |
| Common StockF2 | Apr 1, 2015 | S | 7,500 | $0.6513 | D | 1,169,984 | D | |
| Common StockF2,F3 | Apr 2, 2015 | S | 27,500 | $0.5518 | D | 1,142,484 | D | |
| Common StockF4 | 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) | $0.37 | holding | — | — | — | 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
- F1Reporting Person and his spouse made a charitable gift from shares held in community property.
- F2All 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 April 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-13(d).
- F3Reporting Person's holding includes 83,334 shares, 197,750 shares; 280,000 shares and 270,000 shares issued pursuant to restricted stock grants and 311,400 remaining of Founders Stock.
- F4Represents 28,667 shares of the Issuer's common stock owned by each of Reporting Person's two minor children.