SEC Form 4 · accession 0001654954-18-005957
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank C Ingriselli
Director · Other
Period of report
May 23, 2018
Accepted (ET)
May 25, 2018 · 5:55 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 | May 23, 2018 | S | 15,000 | $0.3129 | D | 369,460 | D | |
| Common StockF1 | May 23, 2018 | S | 10,000 | $0.315 | D | 359,460 | D | |
| Common StockF1 | May 24, 2018 | S | 15,000 | $0.3106 | D | 344,460 | D | |
| Common StockF1 | May 24, 2018 | S | 20,000 | $0.31 | D | 324,460 | D | |
| Common StockF1,F2 | May 25, 2018 | S | 10,000 | $0.31 | D | 314,460 | 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) | $3.70 | holding | — | — | — | Jan 17, 2017 | Apr 30, 2021 | Common Stock | 37,000 | 37,000 | D |
| NonQualified Stock Option (Right to Buy) | $5.10 | holding | — | — | — | Dec 18, 2012 | Apr 30, 2021 | Common Stock | 34,827 | 34,827 | D |
| Incentive Stock Option | $5.10 | holding | — | — | — | Dec 18, 2012 | Apr 30, 2021 | Common Stock | 4,254 | 4,254 | D |
Explanation of responses
- F1Shares were sold for tax purposes in connection with their vesting on May 1, 2018. The shares were granted under the Company's 2012 Equity Incentive Plan, which grant was exempt from Section 16(b) pursuant to Rule 16b-13(d).
- F2Reporting Person's holdings include: 13,371 held by spouse, 36,893 held directly, 80,000,14,546 and 80,000 pursuant to restricted stock grants and 89,650 vested shares held by Global Venture Investments, Inc., an entity 100% owned and controlled by Reporting Person.