SEC Form 4 · accession 0001654954-17-011944
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
Dec 28, 2017
Accepted (ET)
Dec 29, 2017 · 4:32 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 | Dec 28, 2017 | A | 410,000 | $0.3088 | A | 585,831 | D | |
| Common StockF2,F3 | Dec 28, 2017 | S | 24,750 | $0.3086 | D | 561,081 | D | |
| Common StockF4 | holding | — | — | — | 521 | I | By The Peterson Family Trust | |
| Common StockF5 | holding | — | — | — | 1,834 | I | By dependent child |
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 | — | — | — | Jan 7, 2017 | Jan 7, 2021 | Common Stock | 30,000 | 30,000 | D |
| Incentive Stock Option (Right to Buy) | $3.70 | holding | — | — | — | Jan 7, 2015 | Jan 7, 2020 | Common Stock | 32,500 | 32,500 | D |
| Incentive Stock Option (Right to Buy) | $5.10 | holding | — | — | — | Dec 28, 2012 | Jun 18, 2022 | Common Stock | 6,380 | 6,380 | D |
| Non-Qualified Stock Option (Right to Buy) | $2.40 | holding | — | — | — | Mar 1, 2012 | Oct 7, 2021 | Common Stock | 10,000 | 10,000 | D |
| Non-Qualified Stock Option (Right to Buy) | $5.10 | holding | — | — | — | Dec 18, 2012 | Jun 18, 2022 | Common Stock | 26,954 | 26,954 | D |
| Non-Qualified Stock Option (Right to Buy) | $672.00 | holding | — | — | — | Sep 20, 2008 | May 28, 2018 | Common Stock | 45 | 45 | D |
| Non-Qualified Stock Option (Right to Buy) | $302.40 | holding | — | — | — | Feb 2, 2011 | Feb 2, 2021 | Common Stock | 298 | 298 | D |
Explanation of responses
- F1Common 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.
- F2Shares 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).
- F3Reporting Person's holdings include: 4,500; 18,875; 8,700; 8,500; 7,725; 3,021; 99,000 and 410,000 shares all issued pursuant to restricted stock grants; 745 issued pursuant to debt conversion and 15 pursuant to a 2008 Blast Stock Grant.
- F4Represents shares held by The Peterson Family Trust, a trust owned 100% by Mr. Peterson and his spouse.
- F5Represents shares held by Reporting Person's dependent child.