Home > Insider Trading > Filing (0001445866-15-001378)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1396633	Summer Energy Holdings Inc	SUME	Electric Services (4911)	202722022

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1259658	Davis Tom Oleary	800 Bering Drive Suite 260 Houston TX 77057		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-11-23	2,959	$0.00	2,585,728	No	4	J	Direct
Common Stock	Acquisiton	2015-11-24	24,426	$0.00	2,610,154	No	4	J	Direct
Common Stock	Acquisiton	2015-11-20	2,470	$1.28	9,820	No	4	P	Indirect	Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Direct
No	4	J	Direct
No	4	P	Indirect	Footnote

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Acquisiton	2015-11-20	6,250	$0.00	6,250	$1.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,250	2015-11-20	2025-11-20	No	4	A	Direct

Footnotes

The reporting person received these shares of common stock in connection with a personal guaranty given by the reporting person for the benefit of the Issuer in connection with an Advance-to-Loan Amount Note, whereby the Issuer borrowed funds from a lending institution. In consideration of such personal guaranty, the Issuer agreed to grant up to 30,000 shares of common stock per month, reduced accordingly as the principal amount of the Note is reduced. Does not include 9,820 shares held of record by Northeast Opco, LLC, a Texas LLC. Mr. O'Leary is an officer 20% owner of such entity and shares voting and dispositive power over such shares.
The reporting person received these shares of common stock as a payment-in-kind dividend on 300,000 shares of Series B Preferred Stock owned by the reporting person on the dividend record date. The dividends are payable in cash or common stock and the reporting person elected to receive such dividends in the form of common stock.
The reported securities were purchased by NORTHEAST OPCO, LLC, a Texas limited liability company of which the Reporting Person is an officer and control person as well as a 20% owner. The Reporting Person disclaims beneficial ownership of the shares of common stock held by NORTHEAST OPCO, LLC, except to the extent of his pecuniary interest therein. The purchases were made pursuant to a 10b5-1 trading plan adopted by NORTHEAST OPCO, LLC, on June 19, 2015.