SEC Form 4 · accession 0001445866-17-001555
SUMMER ENERGY HOLDINGS INC · SUME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Angela Hanley
Officer — President
Period of report
Oct 30, 2017
Accepted (ET)
Nov 8, 2017 · 6:45 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 | 4,885 | — | A | 92,385 | D | |
| Common StockF2 | Nov 1, 2017 | G | 8,333 | $0.00 | A | 100,718 | 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 | 15,000 | A | Oct 30, 2017 | Oct 30, 2027 | Common Stock | 15,000 | 15,000 | 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.
- F2Does 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 February 14, 2013, included as Exhibit 24.1 to Form 3 filed on February 19, 2013.