SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DECKER MICHAEL

(Last)

(First)

(Middle)

14 INVERNESS DRIVE, SUITE H236

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GASCO ENERGY INC [ GASE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Exec VP and Chief Op Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/14/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/14/2004		A⁽¹⁾		80,000	A	⁽¹⁾	160,100	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Buy	$3.15							07/02/2001	07/02/2006	Common Stock	100,000		100,000	D
Option to Buy	$3.15							10/02/2001	10/02/2006	Common Stock	25,000		25,000	D
Option to Buy	$3.15							01/02/2002	01/02/2007	Common Stock	25,000		25,000	D
Option to Buy	$3.15							04/02/2002	04/02/2007	Common Stock	25,000		25,000	D
Option to Buy	$3.15							07/02/2002	07/02/2007	Common Stock	25,000		25,000	D
Option to Buy	$3.15							10/02/2002	10/02/2007	Common Stock	25,000		25,000	D
Option to Buy	$3.15							01/02/2003	01/02/2008	Common Stock	25,000		25,000	D
Option to Buy	$3.15							04/02/2003	04/02/2008	Common Stock	25,000		25,000	D
Option to Buy	$3.15							07/02/2003	07/02/2008	Common Stock	25,000		25,000	D
Option to Buy	$2							12/31/2001	12/31/2011	Common Stock	114,000		114,000	D
Option to Buy	$1							06/10/2003	06/10/2008	Common Stock	58,335		58,335	D
Option to Buy	$1							10/10/2003	10/10/2008	Common Stock	58,333		58,333	D
Option to Buy	$1							02/10/2004	02/10/2009	Common Stock	58,333		58,333	D
Option to Buy	$1							06/10/2004	06/10/2009	Common Stock	58,333		58,333	D
Option to Buy	$1							10/10/2004	10/10/2009	Common Stock	58,333		58,333	D
Option to Buy	$1							02/10/2005	02/10/2010	Common Stock	58,333		58,333	D
Series B Preferred Stock	$0.7							12/31/2003	⁽²⁾	Common Stock	65,999		105	D

Explanation of Responses:

1. On June 14, 2004, Mr. Decker was granted a restricted stock award of 80,000 shares of the Issuer's common stock, pursuant to the Issuer's 2003 Restricted Stock Plan. These shares are subject to forfeiture with Mr. Decker having the right to retain 16,000 shares on or after June 14, 2005, an additional 16,000 shares on or after June 14, 2006, and the remaining 48,000 shares on or after June 14, 2007.

2. There is no expiration date for the shares of Series B Preferred Stock.

	Michael K. Decker	06/15/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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