Simon Kukes - Jan 25, 2022 Form 4 Insider Report for PEDEVCO CORP (PED)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Clark R. Moore, attorney-in-fact for Simon Kukes
Stock symbol
PED
Transactions as of
Jan 25, 2022
Transactions value $
$0
Form type
4
Date filed
1/26/2022, 04:37 PM
Previous filing
Jan 3, 2022
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PED Common stock Award $0 +400K +12.53% $0.00 3.59M Jan 25, 2022 Direct F1, F2
holding PED Common stock 51.8M Jan 25, 2022 Through SK Energy LLC
holding PED Common stock 3K Jan 25, 2022 By spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PED Incentive Stock Option (Right to Buy) Award $0 +10K $0.00 10K Jan 25, 2022 Common Stock 10K $1.17 By spouse F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
F4 Issued to the Reporting Person's spouse in consideration for services rendered and agreed to be rendered as an employee of the Issuer.

Remarks:

See the Powers of Attorney filed as Exhibits 24.1 and 24.2, to the Form 4 filed by the Reporting Persons on June 19, 2019.