Form 4 for PED PEDEVCO CORP
Accepted 2022-01-26 00:00:00 ET · period of report 2022-01-25 · accession 0001654954-22-000798 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-01-26 | 2022-01-25 | PED | SK Energy LLC | 10% | A - Grant | $0.00 | +400.0K | 3.59M | +13% | $0 |
| DI | 2022-01-26 | 2022-01-25 | PED | SK Energy LLC | 10% | A - Grant | $0.00 | +10.0K | 10.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock | 2022-01-25 | A | A | 400,000 | $0.00 | 3,592,132 | D | — | — | (F1) The shares of Restricted Common Stock were issued to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan and are subject to forfeiture. The shares vest at the rate of (i) 1/3 of the shares on the one (1) year anniversary of January 25, 2022 (the "Grant Date"); (ii) 1/3 on the two (2) year anniversary of the Grant Date; and (iii) 1/3 on the three (3) year anniversary of the Grant Date, subject to the Reporting Person's continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Shares Grant Agreement entered into by and between the Issuer and the Reporting Person. Exempt under Rule 16b-3. (F2) Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as the Chief Executive Officer of the Issuer. |
| 2 | Derivative | Incentive Stock Option (Right to Buy) | 2022-01-25 | A | A | 10,000 | $0.00 | 10,000 | I By spouse | $1.17 · — to 2027-01-25 | 10,000 Common Stock | (F4) Issued to the Reporting Person's spouse in consideration for services rendered and agreed to be rendered as an employee of the Issuer. (F3) The Incentive Stock Options were issued to the Reporting Person's spouse pursuant to the Issuer's 2021 Equity Incentive Plan and vest at the rate of (i) 1/3 of the options on the one (1) year anniversary of the Grant Date; (ii) 1/3 on the two (2) year anniversary of the Grant Date; and (iii) 1/3 on the three (3) year anniversary of the Grant Date, subject to the Reporting Person's spouse's continued service to the Company on such vesting dates, and subject to the terms and conditions of a Stock Option Grant Agreement entered into by and between the Issuer and the Reporting Person's spouse. |