SEC Form 4 · accession 0001654954-17-011943
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Moore Clark
Officer — Executive VP
Period of report
Sep 25, 2017
Accepted (ET)
Dec 29, 2017 · 4:31 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 | Sep 25, 2017 | G | 40,000 | $0.20 | D | 106,943 | D | |
| Common StockF1 | Oct 4, 2017 | G | 40,617 | $0.593 | D | 66,326 | D | |
| Common StockF2 | Dec 28, 2017 | A | 260,000 | $0.3088 | A | 326,326 | D | |
| Common StockF3,F4 | Dec 28, 2017 | S | 15,750 | $0.3086 | D | 310,576 | D | |
| Common StockF5 | holding | — | — | — | 5,734 | 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) | $2.20 | holding | — | — | — | Jul 22, 2017 | Jul 1, 2021 | Common Stock | 28,000 | 28,000 | D |
| Incentive Stock Option (Right to Buy) | $3.70 | holding | — | — | — | Jul 1, 2015 | Jul 1, 2020 | Common Stock | 27,000 | 27,000 | D |
| Incentive Stock Option (Right to Buy) | $5.10 | holding | — | — | — | Dec 18, 2012 | Jun 18, 2012 | Common Stock | 4,447 | 4,447 | D |
| Non-Qualified Stock Option (Right to Buy) | $5.10 | holding | — | — | — | Dec 18, 2012 | Jun 18, 2022 | Common Stock | 18,887 | 18,887 | D |
Explanation of responses
- F1Common stock shares were transferred pursuant to a gift in a private transaction.
- F2Common stock of Issuer granted to Reporting Person pursuant to Issuer's 2012 Equity Incentive Plan 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.
- F3Shares 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 December 28, 2017 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).
- F4Reporting Person's holdings include: 3,334 shares, 9,352 shares, 36,750 and 260,000 all issued pursuant to restricted stock grants and 1,140 remaining of Founders Stock.
- F5Represents 2,867 shares of the Issuer's common stock owned by each of Reporting Person's two minor children.