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Filing Details

Accession Number:: 0001354488-15-000088
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-01-07 17:16:56
Reporting Period:: 2015-01-05

Filing Date:: 2015-01-07
Accepted Time:: 2015-01-07 17:16:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1141197	Pedevco Corp	PED	Oil & Gas Field Exploration Services (1382)	223755993

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1293970	L Michael Peterson	4125 Blackhawk Plaza Circle Suite 201 Danville CA 94506	President And Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2015-01-05	39,500	$0.41	1,095,598	No	5	S	Direct
Common Stock	Acquisiton	2015-01-07	325,000	$0.37	1,420,598	No	5	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	S	Direct
No	5	A	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Incentive Stock Option (Right to Buy)	Acquisiton	2015-01-07	325,000	$0.37	325,000	$0.37

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
325,000	2015-01-07	2020-01-07	No	5	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,209	Indirect	By The Peterson Family Trust
Common Stock	36,668	Indirect	By dependent children

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Incentive Stock Option (Right to Buy)	$0.51	2012-12-18	2022-06-18	63,800	63,800	Direct
Common Stock	Non-Qualified Stock Option (Right to Buy)	$0.24	2012-03-01	2021-10-07	100,000	100,000	Direct
Common Stock	Non-Qualified Stock Option (Right to Buy)	$0.51	2012-12-18	2022-06-18	269,534	269,534	Direct
Common Stock	Non-Qualified Stock Option (Right to Buy)	$67.20	2008-09-20	2018-05-28	447	447	Direct
Common Stock	Non-Qualified Stock Option (Right to Buy)	$30.24	2011-02-02	2021-02-02	2,977	2,977	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-06-18	63,800	63,800	Direct
2021-10-07	100,000	100,000	Direct
2022-06-18	269,534	269,534	Direct
2018-05-28	447	447	Direct
2021-02-02	2,977	2,977	Direct

Footnotes

All sales were sold pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person on December 15, 2014 to satisfy Reporting Person's tax liability in connection with the January 1, 2015 vesting of certain shares of restricted stock which were granted under the Company's 2012 Equity Incentive Plan, which grant was exempt from Section 16(b) pursuant to Rule 16b-3(d).
Common stock of Issuer granted to Reporting Person and subject to forfeiture as follows: (i) 40% of the shares on the nine (9) month anniversary of the Grant Date; (ii) 20% on the twelve (12) month anniversary of the Grant Date; (iii) 20% on the eighteen (18) month anniversary of the Grant Date and (iv) 20% on the twenty-four (24) month anniversary of the Grant Date, subject to the Recipient being an employee of, or consultant to, the Company on such vesting date and subject to the terms and conditions of a Restricted Stock Agreement.
Reporting Person's holding includes 200,000, 247,500, 355,500, 200,000 and 325,000 shares issued pursuant to restricted stock grants; 85,000 balance of vested stock; 7,449 shares issued pursuant to debt conversion, and 149 shares issued pursuant to a 2008 Blast Stock grant.
Represents shares held by the Peterson Family Trust, a trust 100% owned by Mr. Peterson and his spouse.
Represents shares of Issuer's common stock 50% owned by each of the Reporting Person's two dependent children.
Incentive Stock Option granted to Reporting Person with vesting as follows: (i) 50% of the shares on the six (6) month anniversary of the Grant Date; (ii) 20% on the twelve (12) month anniversary of the Grant Date; (iii) 20% on the eighteen (18) month anniversary of the Grant Date, and (iv) 10% on the twenty-four (24) month anniversary of the Grant Date, subject to the recipient being an employee or, or consultant to, the Company on such vesting date, and subject to the terms and conditions of a Stock Option Agreement.