SEC Form 4 · accession 0001354488-16-007989
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank C Ingriselli
Director · Other
Period of report
Jul 5, 2016
Accepted (ET)
Jul 7, 2016 · 4:39 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 | Jan 27, 2016 | G | 200,000 | $0.003 | D | 2,408,441 | D | |
| Common StockF2 | Mar 3, 2016 | G | 93,418 | $0.003 | D | 2,315,023 | D | |
| Common StockF2 | Apr 8, 2016 | G | 70,401 | $0.003 | D | 2,244,622 | D | |
| Common StockF3,F4 | Jul 5, 2016 | A | 81,290 | $0.22 | A | 2,325,912 | 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)F3 | $0.22 | Jul 5, 2016 | E | 280,000 | D | Jan 7, 2016 | Jan 7, 2021 | Common Stock | 81,290 | 0 | 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 shares were transferred to a family member pursuant to a gift in a private transaction.
- F3The Reporting Person affected a cashless exercise of the Incentive Stock Option in full, surrendering 198,710 option shares valued at the fair market value of $0.31 per share as calculated under the Issuer's 2012 Equity Incentive Plan, and was issued a net of 81,290 shares of Issuer common stock.
- F4Reporting Person's holding includes 400,000 shares held by his spouse, 429,412 fully vested shares held directly and 1,496,500 fully vested shares held by Global Venture Investments, Inc., an entity 100% owned and controlled by Reporting Person.
- F5Global Venture Investments, LLC is an entity 100% owned and controlled by Reporting Person.