Jonathan Carroll - May 12, 2022 Form 4 Insider Report for BLUE DOLPHIN ENERGY CO (BDCO)

Role
CEO & President, Director, 10%+ Owner
Signature
/s/ Jonathan P. Carroll
Stock symbol
BDCO
Transactions as of
May 12, 2022
Transactions value $
$778,294
Form type
4
Date filed
5/13/2022, 02:35 PM
Next filing
Jun 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BDCO Common Stock Award $778K +1.85M +96.53% $0.42* 3.77M May 12, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents payment to Mr. Carroll of the common stock component under Amended and Restated Guaranty Fee Agreements dated April 1, 2017 between Mr. Carroll and Lazarus Energy, LLC and Lazarus Refining & Marketing, LLC for the monthly periods April 2020 through March 2022. Lazarus Capital, LLC assigned its right to receive the shares of common stock to Mr. Carroll, as its sole member.
F2 The number of shares of common stock issued was determined based on the preceding 30-day average closing price of Blue Dolphin's common stock on the last day of each applicable monthly period. The average was $0.42, the low was $0.27, and the high was $0.64.
F3 Mr. Carroll also indirectly owns 8,426,456 shares of common stock through his ownership interest in Lazarus Energy Holdings, LLC.