TENGASCO INC|4Apr 21, 4:21 PM ET

BAILEY JEFFREY R 4

4 · TENGASCO INC · Filed Apr 21, 2010

Form 4

Period: 2010-04-19

DirectorCEO

Transactions

Exercise/Conversion
Stock Appreciation Right
2010-04-19−1→ 0 total
Exercise: $0.27From: 2010-04-08Exp: 2010-04-20→ Common Stock (1,250,000 underlying)
Other
Option Right to Buy
2006-12-14+1→ 1 total
Exercise: $0.81From: 2006-12-14Exp: 2011-12-13→ Common Stock (20,000 underlying)
Exercise/Conversion
Common Stock
2010-04-19+613,207→ 749,494 total
Other
Option Right to buy
2006-01-20+1→ 1 total
Exercise: $0.58From: 2006-01-20Exp: 2011-01-20→ Common Stock (20,000 underlying)

Footnotes (3)

[F1]Exercise of Stock Appreciation Rights granted under Tengasco, Inc. Stock Incentive Plan.
[F2]Shares acquired pursuant to exercise of 1,250,000 Stock Appreciation Rights ("SARs") granted under the Tengasco, Inc. Stock Incentive Plan. The SARs were paid in common stock of the Company and the number of shares issued was determined by subtracting the exercise price ($0.27) from the closing market prie as listed on the NYSE Amex on the exercise date ($0.53) and multiplying by number of shares underlying the SARs grant (1,250,000) and dividing that product by the closing market price of ($0.53).
[F3]Grant of option pursuant to the Tengasco, Inc. Stock Incentive Plan.

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