| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BDCO | Common Stock | Other | $1.35M | +1.35M | +401.33% | $1.00 | 1.69M | Nov 14, 2019 | Direct | F1, F2, F3 |
| 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 May 2017 through October 2019. |
| 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 $1.00, the low was $0.17, and the high was $2.45. |
| F3 | Mr. Carroll also indirectly owns 8,426,456 shares of common stock through his ownership interest in Lazarus Energy Holdings, LLC. |