0001437749-16-035386.txt : 20160720 0001437749-16-035386.hdr.sgml : 20160720 20160720153101 ACCESSION NUMBER: 0001437749-16-035386 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160718 FILED AS OF DATE: 20160720 DATE AS OF CHANGE: 20160720 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Enservco Corp CENTRAL INDEX KEY: 0000319458 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 840811316 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 501 SOUTH CHERRY STREET STREET 2: SUITE 320 CITY: DENVER STATE: CO ZIP: 80246 BUSINESS PHONE: 303-333-3678 MAIL ADDRESS: STREET 1: 501 SOUTH CHERRY STREET STREET 2: SUITE 320 CITY: DENVER STATE: CO ZIP: 80246 FORMER COMPANY: FORMER CONFORMED NAME: ASPEN EXPLORATION CORP DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Peitz Austin CENTRAL INDEX KEY: 0001567896 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36335 FILM NUMBER: 161775351 MAIL ADDRESS: STREET 1: 501 S. CHERRY STREET STREET 2: SUITE 320 CITY: DENVER STATE: CO ZIP: 80246 4 1 rdgdoc.xml FORM 4 X0306 4 2016-07-18 0000319458 Enservco Corp ENSV 0001567896 Peitz Austin 501 S. CHERRY STREET, SUITE 1000 DENVER CO 80246 1 SVP - Field Operations Common Stock 98853 D Stock Option 0.46 2016-07-18 4 D 0 200000 D 2017-06-30 Common Stock 200000 100000 D Stock Option 1.74 2016-07-18 4 D 0 60000 D 2020-04-08 Common stock 60000 100000 D Stock Option 0.60 2016-07-18 4 D 0 100000 D 2021-05-05 Common Stock 100000 100000 D Stock Option 0.65 2016-07-18 4 A 0 200000 A 2017-12-30 Common Stock 200000 200000 D Stock Option 1.74 2016-07-18 4 A 0 60000 A 2020-04-08 Common Stock 60000 60000 D Stock Option 0.65 2016-07-18 4 A 0 100000 A 2021-05-05 Common Stock 100000 100000 D Stock Option 0.7000 2018-01-23 Common Stock 50000 50000 D This transaction involves partial rescission of a prior grant pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of rescission, the forfeited options to acquire 200,000 shares were vested. The remaining options to acquire 100,000 shares remain vested as of the date hereof. This transaction involves partial rescission of a prior grant pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of rescission, the forfeited options to acquire 60,000 shares were unvested. Of the remaining options to acquire 100,000 shares, options to acquire 53,333 shares vested on 1/1/16, and options to acquire 46,667 shares will vest on 1/1/17 if the conditions to vesting exist on that date. This transaction involves partial rescission of a prior grant pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of rescission, the forfeited options to acquire 100,000 shares were unvested. Of the remaining options to acquire 100,000 shares, options to acquire 66,667 shares will vest on 12/31/16, and thereafter options to acquire 33,333 shares will vest on 12/31/17, in both cases if the conditions to vesting exist on such date. The exercise price per share of the new option grant is the higher of the exercise price of the forfeited options or the closing sale price of the Company's common stock on July 7, 2016, the date of approval of the new option grant and related agreements by a special independent committee of the Board of Directors (the "Special Committee"). The options were granted pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person and are subject to approval by Enservco's stockholders of its 2016 Stock Incentive Plan (the "2016 Plan"). If the 2016 Plan is approved by stockholders, options to acquire 200,000 shares will vest on the date of stockholder approval. The grant was approved in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934 (the "1934 Act"), and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act. The options were granted pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person and are subject to approval by Enservco's stockholders of the 2016 Plan. If the 2016 Plan is approved by stockholders, options to acquire 6,666 shares will vest on 1/1/17, and the remaining options to acquire 53,334 shares will vest on 1/1/18, in both cases if the conditions to vesting exist on such date. The grant was approved in accordance with Rule 16b-3(d) of the 1934 Act, and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act. The options were granted pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person and are subject to approval by Enservco's stockholders of the 2016 Plan. If the 2016 Plan is approved by stockholders, options to acquire 33,334 shares will vest on 12/31/17, and the remaining options to acquire 66,666 shares will vest on 12/31/18, in both cases if the conditions to vesting exist on such date. The grant was approved in accordance with Rule 16b-3(d) of the 1934 Act, and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act. Options to acquire 16,667 shares vested on 1/1/14; 16,667 on 1/1/15; and the remaining options vested on 1/1/16. /s/ Austin Peitz 2016-07-18