SEC Form 4/A · accession 0001144204-15-016252
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 A Zotos
Director
Period of report
Dec 5, 2014
Accepted (ET)
Mar 16, 2015 · 2:50 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 | 3,000,000 | — | A | 3,000,000 | D | |
| Common StockF2 | holding | — | — | — | 160,000 | I | see footnote |
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 | 1,000,000 | D | Mar 6, 2013 | Mar 6, 2023 | Common Stock | 1,000,000 | 0 | D |
Explanation of responses
- F1Shares were received for services rendered as a consultant and were issued in lieu of previously issued stock options in that were terminated on December 5, 2014. In accordance therewith, Mr. Zotos' stock options were cancelled and he was issued 3,000,000 shares of common stock. The shares of common stock will vest on the earlier of termination of the agreement or 1/3 will vest on each of March 15, 2015, September 15, 2015 and March 15, 2016
- F2Shares are owned by Mr. Zotos' wife
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