SEC Form 4 · accession 0001010549-17-000193
BLUE DOLPHIN ENERGY CO · BDCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan P Carroll
Officer — CEO & President · Director · 10% Owner
Period of report
May 19, 2017
Accepted (ET)
May 19, 2017 · 4:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000793306
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 19, 2017 | A | 335,086 | $2.48 | A | 336,844 | D | |
| Common Stock | holding | — | — | — | 8,426,456 | I | Lazarus Energy Holdings, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Blue Dolphin Energy Company common stock, par value $0.01 per share (the "Common Stock"), issued to Jonathan P. Carroll, as payment in common stock in lieu of cash for the outstanding principal balance, plus accrued interest owed to Lazarus Capital, LLC pursuant to an Amended and Restated Promissory Note dated March 31, 2017. The number of shares of common stock issued was determined based on the preceding 30-day average closing price of the Common Stock. Lazarus Capital, LLC assigned its right to receive the shares of Common Stock to Mr. Carroll, as its sole member.