SEC Form 4/A · accession 0001144204-15-015974
PLEDGE PETROLEUM CORP · PROP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
John Walter Huemoeller II
Officer — Chief Executive Officer · Director
Period of report
Dec 5, 2014
Accepted (ET)
Mar 13, 2015 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434110
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 5, 2014 | A | 10,000,000 | — | A | 10,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $0.25 | Dec 5, 2014 | D | 10,000,000 | D | Mar 6, 2013 | Mar 6, 2023 | Common Stock | 10,000,000 | 0 | D |
Explanation of responses
- F1Shares were received for services rendered as an employer and were issued in lieu of previously issued stock options that were terminated on December 5, 2015. In accordance therewith, Mr. Huemoeller's stock options were cancelled and he was issued 10,000,000 shares of common stock, of which 1,250,000 vest on the first day of every quarter for a two year period commencing January 1, 2015.
Remarks
This Form 4/A amends the Form 4 filing dated December 9, 2015 to add information inadvertently omitted from the original filing regarding the termination of the options