SEC Form 4 · accession 0001437749-17-011104
Enservco Corp · ENSV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Devers
Officer — Chief Financial Officer
Period of report
Jun 8, 2017
Accepted (ET)
Jun 9, 2017 · 7:17 pm 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 | — | — | — | 4,315 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $1.74 | Jun 5, 2017 | D | 100,000 | D | — | Jun 8, 2017 | Common Stock | 100,000 | 0 | D |
| Stock OptionF6 | $1.74 | Jun 5, 2017 | D | 40,000 | D | — | Jun 8, 2017 | Common Stock | 40,000 | 0 | D |
| Stock OptionF8 | $2.25 | Jun 5, 2017 | D | 50,000 | D | — | Jun 8, 2017 | Common Stock | 50,000 | 0 | D |
| Stock OptionF1 | $1.27 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 100,000 | 100,000 | D |
| Stock OptionF3 | $0.60 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 100,000 | 100,000 | D |
| Stock OptionF4 | $1.27 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 50,000 | 50,000 | D |
| Stock OptionF5 | $1.00 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 50,000 | 50,000 | D |
| Stock OptionF7 | $0.65 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Options to acquire 100,000 shares are fully vested as of the date hereof. Pursuant to the Executive Severance Agreement between the Company and the Reporting Person (the "Executive Severance Agreement"), the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
- F2Options to acquire 100,000 shares of common stock were forfeited on June 8, 2017 pursuant to the Executive Severance Agreement.
- F3Options to acquire 83,334 shares are fully vested as of the date hereof, and, as a result of certain accelerated vesting provision contained in the Executive Severance Agreement, the remaining options to acquire 16,666 shares will vest on August 4, 2017. Pursuant to the Executive Severance Agreement the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
- F4Options to acquire 50,000 shares are fully vested as of the date hereof. Pursuant to the Executive Severance Agreement, the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
- F5Options to acquire 50,000 shares are fully vested as of the date hereof. Pursuant to the Executive Severance Agreement, the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
- F6Options to acquire 40,000 shares of common stock that were scheduled to vest on 1/1/18 were forfeited on June 8, 2017 pursuant to the Executive Severance Agreement.
- F7Options to acquire 25,000 shares were scheduled to vest on 12/31/18. As a result of certain accelerated vesting provision contained in the Executive Severance Agreement, these options will vest on August 4, 2017. Pursuant to the Executive Severance Agreement, the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
- F8Options to acquire 50,000 shares of common stock were forfeited on June 8, 2017 pursuant to the Executive Severance Agreement.