SEC Form 4 · accession 0001354488-16-008381
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L Peterson
Officer — President and CEO
Period of report
Oct 8, 2016
Accepted (ET)
Oct 12, 2016 · 4:30 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,F2 | Oct 10, 2016 | S | 15,000 | $0.1788 | D | 1,123,528 | D | |
| Common StockF3 | holding | — | — | — | 5,209 | I | By The Peterson Family Trust | |
| Common StockF4 | 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) | $0.22 | holding | — | — | — | 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
- F1Shares were sold pursuant to a 10b5-1 trading plan previously adopted by Reporting Person to satisfy Reporting Person's tax liability in connection with the October 8, 2016 vesting of certain shares of restricted stock which were granted under the Company's 2012 Equity Incentive Plan, which grants were exempt from Section 16(b) pursuant to Rule 16b-13(d).
- F2Reporting Person's holdings include: 45,000; 198,750; 126,500; 165,000 109,745 and 470,935 shares issued pursuant to restricted stock grants; 7,449 issued pursuant to debt conversion and 149 issued pursuant to a 2008 Blast stock grant.
- F3Represents shares held by the Peterson Family Trust, a Trust owned 100% by Mr. Peterson and his spouse.
- F4Represents shares of common stock 50% owned by each of Reporting Person's two dependent children.