SEC Form 4 · accession 0001654954-18-007337
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory L Overholtzer
Officer — Chief Financial Officer
Period of report
Jul 2, 2018
Accepted (ET)
Jul 3, 2018 · 7:21 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 | Jul 2, 2018 | M | 75,000 | $0.3088 | A | 82,542 | D | |
| Common StockF3,F4 | Jul 2, 2018 | F | 9,983 | $2.32 | D | 72,559 | 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)F1,F2 | $0.3088 | Jul 2, 2018 | X | 75,000 | D | Jun 28, 2018 | Dec 28, 2022 | Common Stock | 75,000 | 75,000 | D |
| Incentive Stock Option (Right to Buy) | $1.10 | holding | — | — | — | Dec 28, 2016 | Dec 28, 2021 | Common Stock | 60,000 | 60,000 | D |
| Non-Qualified Stock Option (Right to Buy) | $3.00 | holding | — | — | — | Feb 9, 2012 | Feb 8, 2022 | Common Stock | 1,100 | 1,100 | D |
| Incentive Stock Option (Right to Buy) | $5.10 | holding | — | — | — | Jun 18, 2012 | Jun 18, 2022 | Common Stock | 11,667 | 11,667 | D |
| Incentive Stock Option (Right to Buy) | $3.70 | holding | — | — | — | Jan 7, 2015 | Jan 7, 2020 | Common Stock | 5,000 | 5,000 | D |
| Incentive Stock Option (Right to Buy) | $2.20 | holding | — | — | — | Jan 7, 2016 | Jan 7, 2021 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Reporting Person exercised 75,000 options at $.3088 exercise price in a cashless net exercise at $2.32 per share with 65,017 shares of common stock issuable and 9,983 options returned to the Company's Equity Incentive Plan.
- F2Payment of cashless net exercise price of $23,160 with 9,983 options at $2.32 per share being returned to the Company's Equity Incentive Plan.
- F3This number represents shares of Pedevco common stock withheld to satisfy the payment of the cashless exercise of option.
- F4Reporting Person's holdings include: 3,442 and 4,100 shares issued pursuant to restricted stock grants and 65,017 shares issued pursuant to an ISO option exercise.