SEC Form 4 · accession 0001354488-16-005869
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 7, 2016
Accepted (ET)
Jan 8, 2016 · 5:17 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 | $0.5787 | D | 1,196,723 | D | |
| Common StockF1 | Dec 31, 2015 | G | 50,000 | $0.5787 | D | 1,146,723 | D | |
| Common StockF4,F5 | Jan 7, 2016 | A | 600,000 | $0.22 | A | 1,746,723 | D | |
| Common StockF2 | holding | — | — | — | 5,209 | I | By The Peterson Family Trust | |
| Common StockF3 | 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 | $0.22 | Jan 7, 2016 | A | 300,000 | A | Jan 7, 2016 | Jan 7, 2021 | Common Stock | 300,000 | 300,000 | D |
| Incentive Stock Option (Right to Buy) | $0.37 | holding | — | — | — | 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
- F1Common Stock shares were transferred pursuant to a charitable gift in a private transaction.
- F2Represents shares held by the Peterson Family Trust, a Trust owned 100% by Mr. Peterson and his spouse.
- F3Represents shares of Issuer's common stock 50% owned by each of Reporting Person' two dependent children.
- F4Common 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.
- F5Reporting Persons' holdings includes: 160,000; 223,125; 216,000; 180,000, 325,000 and 600,000 shares issued pursuant to restricted stock grants; 35,000 balance of vested stock; 7,449 shares issued pursuant to debt conversion and 149 shares issued pursuant to a 2008 Blast Stock Grant.
- 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) 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.