SEC Form 4 · accession 0001004878-15-000075
HYDROCARB ENERGY CORP · HECC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pasquale V. Scaturro
10% Owner
Period of report
Sep 23, 2014
Accepted (ET)
Mar 17, 2015 · 1:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001425808
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 23, 2014 | S | 33,915 | $3.37 | D | 2,859,715 | D | |
| Common StockF3 | Nov 19, 2014 | S | 31,700 | $1.71 | D | 2,828,015 | D | |
| Common Stock | Jan 14, 2015 | J | 75,000 | $0.00 | D | 2,753,015 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Between 9/23/2014 and 11/12/2014, Mr. Scaturro sold 33,915 shares of the Company's common stock pursuant to Rule 144 at a weighted average price of $3.37 per share.
- F2Mr. Scaturro transferred 37,500 free trading shares each to Angela Watts and Tyler Watts pursuant to an agreement between Mr. Scaturro and Kent Watts to purchase an African corporation. Pursuant to the agreement, Mr. Scaturro is obligated to transfer an additional 162,500 free trading shares to Angela and Tyler Watts.
- F3Between 11/19/20104 and 2/27/2015 Mr. Scaturro sold approximately 500 shares each trading day at an average price of $1.71 per share. The shares were sold pursuant to a Lock-Up Agreement in connection with the agreement between Mr. Scaturro and Kent Watts mentioned in footnote 2.