SEC Form 4 · accession 0001354488-16-005867
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
Jan 7, 2016
Accepted (ET)
Jan 8, 2016 · 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 StockF1 | Aug 18, 2015 | G | 50,000 | $0.003 | D | 2,108,441 | D | |
| Common StockF1 | Dec 31, 2015 | G | 100,000 | $0.003 | D | 2,008,441 | D | |
| Common StockF2,F3 | Jan 7, 2016 | A | 600,000 | $0.22 | A | 2,608,441 | 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)F4 | $0.22 | Jan 7, 2016 | A | 280,000 | A | Jan 7, 2016 | Jan 7, 2021 | Common Stock | 280,000 | 280,000 | D |
| Incentive Stock Option (Right to Buy) | $0.37 | holding | — | — | — | Jan 7, 2015 | Jan 7, 2020 | Common Stock | 370,000 | 370,000 | D |
| Common Stock Warrant (Right to Buy)F5 | $2.34 | holding | — | — | — | Dec 16, 2013 | Dec 16, 2017 | Common Stock | 38,096 | 38,096 | I |
| Common Stock Warrant (Right to Buy)F5 | $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
- F1Common stock shares were transferred pursuant to a charitable gift in a private transaction.
- F2Common stock of Issuer granted to Reporting Person and subject to forfeiture as follows: (i) 50% of the shares on the six (6) month anniversary of the Grant Date; (ii) 30% on the twelve (12) month anniversary of the Grant Date; and (iii) 20% on the eighteen (18) month anniversary of the Grant Date, in each case 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 Persons' holdings include: 166,667 shares, 313,750 shares, 432,000 shares, 370,000 and 600,000 shares issued pursuant to restricted stock grants; 40,123 shares issued pursuant to an option exercise; 418,334 and 1,890 transferred from Global Venture Investments, LLC; 27,677 Founders shares; 210,000 acquired in private transactions and 28,000 acquired in open market purchases.
- F4Incentive 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) 30% on the twelve (12) month anniversary of the Grant Date and (iii) 20% on the eighteen (18) month anniversary of the Grant Date, in each case subject to the recipient of the Option 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.
- F5Global Venture Investments, LLC is an entity 100% owned and controlled by Reporting Person.