SEC Form 4 · accession 0001445866-18-000195
SUMMER ENERGY HOLDINGS INC · SUME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Leibman
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Feb 20, 2018
Accepted (ET)
Feb 23, 2018 · 1:33 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 | Feb 20, 2018 | P | 1,480 | $2.50 | A | 93,018 | I | Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $2.50 | Feb 20, 2018 | A | 15,000 | A | Jul 1, 2018 | Feb 20, 2028 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1The shares were purchased at a price of $2.5 per share.
- F2The reported securities were purchased by NORTHEAST OPCO, LLC, a Texas limited liability company of which the Reporting Person is an officer and control person as well as a 20% owner. The Reporting Person disclaims beneficial ownership of the shares of common stock held by NORTHEAST OPCO, LLC, except to the extent of his pecuniary interest therein. The purchases were made pursuant to a 10b5-1 trading plan adopted by NORTHEAST OPCO, LLC, on June 5, 2017.
- F3Options were issued to Reporting Person pursuant to the Reporting Person's employment agreement with the Issuer based on achieving certain performance metrics. Options vest and become exercisable on July 1, 2018.
Remarks
By Alexander N. Pearson, pursuant to a power of attorney dated December 12, 2012, included as Exhibit 24.1 to Schedule 13G filed on December 12, 2012.