| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BDCO | Common Stock | Award | $778,294 | +1,853,080 | +97% | $0.4200* | 3,772,840 | 12 May 2022 | Direct | F1, F2, F3 |
| 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. |