SEC Form 4 · accession 0001445866-17-001553
SUMMER ENERGY HOLDINGS INC · SUME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jaleea Pyle George
Officer — CFO, Secretary · Director
Period of report
Oct 30, 2017
Accepted (ET)
Nov 8, 2017 · 6:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396633
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 1, 2017 | P$0 | 7,329 | — | A | 604,551 | D | |
| Common StockF2 | Nov 1, 2017 | G | 6,334 | $0.00 | A | 610,885 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $2.15 | Oct 30, 2017 | A | 10,000 | A | Oct 30, 2017 | Oct 30, 2027 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The Reporting Person received these shares as consideration for the sale of the Reporting Person's ownership interest in REP Energy, LLC to the Company, pursuant to a Membership Interest Purchase Agreement dated as of November 1, 2017.
- F2A portion of such shares (597,222 shares) are held of record by The Jaleea K. Pyle Living Trust. Ms. George is a trustee of such trust and has voting and dispositive control over securities held by The Jaleea K. Pyle Living Trust. Does not include 84,378 shares held of record by Northeast Opco, LLC, of which the Reporting Person is an officer, owner and control person.
- F3Options were granted to the Reporting Person pursuant to the Reporting Person's employment agreement with the Issuer for achieving certain performance metrics.
Remarks
By Alexander N. Pearson, pursuant to a power of attorney dated April 2, 2012, included as Exhibit 24.1 to Form 3 filed on April 6, 2012.