SEC Form 4 · accession 0001654954-18-007178
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L Peterson
Other
Period of report
Jun 28, 2018
Accepted (ET)
Jun 29, 2018 · 4:17 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 | Jun 28, 2018 | S | 119,000 | $2.9562 | D | 442,081 | D | |
| Common StockF2 | holding | — | — | — | 521 | I | By The Peterson Family Trust | |
| Common StockF3 | 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 | — | — | — | Dec 28, 2012 | Jun 18, 2022 | 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) | $302.40 | holding | — | — | — | Feb 2, 2011 | Feb 2, 2021 | Common Stock | 298 | 298 | 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 June 28, 2018 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).
- F2Represents shares held by The Peterson Family Trust, a trust owned 100% by Mr. Peterson and his spouse.
- F3Represents shares held by Reporting Person's dependent child.
Remarks
Mr. Peterson resigned from his position as Chief Executive Officer and President as of May 31, 2018.