SEC Form 4 · accession 0001437749-17-008524
Enservco Corp · ENSV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rick D Kasch
Other
Period of report
May 5, 2017
Accepted (ET)
May 10, 2017 · 10:38 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000319458
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 1,899,324 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $0.46 | holding | — | — | — | — | Jun 5, 2017 | Common Stock | 100,000 | 100,000 | D |
| Stock OptionF2 | $1.74 | holding | — | — | — | — | Sep 30, 2017 | Common Stock | 100,000 | 100,000 | D |
| Stock OptionF2 | $0.60 | holding | — | — | — | — | Sep 30, 2017 | Common Stock | 100,000 | 100,000 | D |
| Stock OptionF2 | $0.65 | holding | — | — | — | — | Sep 30, 2017 | Common Stock | 325,000 | 325,000 | D |
| Stock OptionF3 | $1.74 | holding | — | — | — | — | Sep 30, 2017 | Common Stock | 110,000 | 110,000 | D |
| Stock OptionF4 | $0.65 | holding | — | — | — | — | Sep 30, 2017 | Common Stock | 400,000 | 400,000 | D |
| Stock OptionF5 | $0.65 | holding | — | — | — | — | Sep 30, 2017 | Common Stock | 350,000 | 350,000 | D |
| Warrant | $0.55 | holding | — | — | — | Nov 2, 2012 | Nov 30, 2017 | Common Stock | 37,500 | 37,500 | D |
Explanation of responses
- F1Fully vested as of the date hereof.
- F2Fully vested as of the date hereof. As a result of the termination of the Reporting Person's position as a director and officer of the Company, the option will terminate on September 30, 2017 as to any portion of the option not exercised on or prior to such date.
- F3Options to acquire 40,000 shares vested on 1/1/17, and, as a result of certain accelerated vesting in connection with the termination of the Reporting Person's position as a director and officer of the Issuer, the remaining options to acquire 70,000 shares will vest on June 30, 2017. As a result of the termination of the Reporting Person's position as a director and officer of the Company, the option will terminate on September 30, 2017 as to any portion of the option not exercised on or prior to such date.
- F4Options to acquire 150,000 shares vested on 12/31/16, and, as a result of certain accelerated vesting in connection with the termination of the Reporting Person's position as a director and officer of the Issuer, the remaining options to acquire 250,000 shares will vest on June 30, 2017. As a result of the termination of the Reporting Person's position as a director and officer of the Company, the option will terminate on September 30, 2017 as to any portion of the option not exercised on or prior to such date.
- F5Options to acquire 116,667 shares vested on 12/31/16, and, as a result of certain accelerated vesting in connection with the termination of the Reporting Person's position as a director and officer of the Issuer, the remaining options to acquire 233,333 shares will vest on June 30, 2017. As a result of the termination of the Reporting Person's position as a director and officer of the Company, the option will terminate on September 30, 2017 as to any portion of the option not exercised on or prior to such date.