| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BDCO | Common Stock | Other | $84.6K | +98.3K | +2.61% | $0.86 | 3.87M | Sep 6, 2022 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Pursuant to Amended and Restated Guaranty Fee Agreements dated April 1, 2017 between Mr. Carroll and each of Lazarus Energy, LLC and Lazarus Refining & Marketing, LLC, Mr. Carroll receives a fee equal to 2% per annum of the outstanding principal balance for his personal guarantee on certain company loans. Fees are payable 50% in cash and 50% in common stock. This issuance reflects payment in common stock to Mr. Carroll for the monthly periods April 2022 to June 2022. |
| 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 $0.86, the low was $0.58, and the high was $1.26. |
| F3 | Mr. Carroll also indirectly owns 8,426,456 shares of common stock through his ownership interest in Lazarus Energy Holdings, LLC. |