Jonathan Carroll - Jun 6, 2022 Form 4/A - Amendment Insider Report for BLUE DOLPHIN ENERGY CO (BDCO)

Signature
/s/ Jonathan Carroll
Stock symbol
BDCO
Transactions as of
Jun 6, 2022
Transactions value $
$159,435
Form type
4/A - Amendment
Date filed
6/6/2022, 06:01 PM
Date Of Original Report
May 1, 2020
Previous filing
May 13, 2022
Next filing
Sep 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BDCO Common Stock Other $159K +231K +13.68% $0.69 1.92M Apr 30, 2020 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being amended to correct the transaction code from "A" to "J". Pursuant to Amended and Restated Guaranty Fee Agreements dated April 1, 2017 between Mr. Carroll and Lazarus Energy, LLC and Lazarus Refining Marketing, LLC, for his personal guarantee on certain company loans, Mr. Carroll receives a fee equal to 2% per annum of the outstanding principal balance; fees are payable 50% in cash and 50% in common stock. This share issuance represents catch-up payments for the common stock portion of fees owed to Mr. Carroll for the monthly periods November 2019 through March 2020.
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 $0.69, the low was $0.52, and the high was $1.07.
F3 Mr. Carroll also indirectly owns 8,426,456 shares of common stock through his ownership interest in Lazarus Energy Holdings, LLC.