0001654954-23-000705.txt : 20230123
0001654954-23-000705.hdr.sgml : 20230123
20230123173200
ACCESSION NUMBER: 0001654954-23-000705
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230119
FILED AS OF DATE: 20230123
DATE AS OF CHANGE: 20230123
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PINKSTON PAUL ANTHONY
CENTRAL INDEX KEY: 0001683306
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35922
FILM NUMBER: 23545355
MAIL ADDRESS:
STREET 1: 450 GEARS ROAD, SUITE 860
CITY: HOUSTON
STATE: TX
ZIP: 77067
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PEDEVCO CORP
CENTRAL INDEX KEY: 0001141197
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 223755993
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 575 N. DAIRY ASHFORD
STREET 2: ENERGY CENTER II, SUITE 210
CITY: HOUSTON
STATE: TX
ZIP: 77079
BUSINESS PHONE: 855-733-3826
MAIL ADDRESS:
STREET 1: 575 N. DAIRY ASHFORD
STREET 2: ENERGY CENTER II, SUITE 210
CITY: HOUSTON
STATE: TX
ZIP: 77079
FORMER COMPANY:
FORMER CONFORMED NAME: BLAST ENERGY SERVICES, INC.
DATE OF NAME CHANGE: 20050610
FORMER COMPANY:
FORMER CONFORMED NAME: VERDISYS INC
DATE OF NAME CHANGE: 20010523
4
1
section16.xml
PRIMARY DOCUMENT
X0306
4
2023-01-19
0001141197
PEDEVCO CORP
PED
0001683306
PINKSTON PAUL ANTHONY
575 N. DAIRY ASHFORD
ENERGY CENTER II, SUITE 210
HOUSTON
TX
77079
true
CAO and PFO and AO
Common Stock
2023-01-19
4
S
false
14000
1.0703
D
394000
D
Common Stock
2023-01-23
4
A
false
200000
0
A
594000
D
Shares were sold pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person to satisfy the Reporting Person's tax liability in connection with the January 19, 2023 vesting of certain shares of restricted stock which were granted under the Company's 2012 Equity Incentive Plan, which grants were exempt from Section 16(b) pursuant to Rule 16b-3.
This transaction was executed in multiple trades at prices ranging from $1.06 to $1.09, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
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 23, 2023 (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.
Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as the Chief Accounting Officer of the Issuer.
See Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the Reporting Person on December 20, 2019.
/s/ Clark R. Moore, attorney-in-fact for Paul Pinkston
2023-01-23