BAILEY JEFFREY R 4
4 · TENGASCO INC · Filed Jan 3, 2013
Insider Transaction Report
Form 4
TENGASCO INCTGC
BAILEY JEFFREY R
DirectorCEO
Transactions
- Other
Option Right to buy
2010-08-30+1→ 1 totalExercise: $0.44From: 2011-08-30Exp: 2015-08-29→ Common Stock (127,000 underlying) - Sale
Common Stock
2012-12-31$1.06/sh−500,000$530,000→ 249,494 total
Footnotes (2)
- [F1]Shares were sold in a private transaction to SSB Ventures LLC, a Delaware limited liability company in which Jeffrey R. Bailey is a member, for the consideration of a promissory note dated December 31, 2012 by SSB Ventures LLC in amount of $530,000. Pursuant to the SSB Ventures LLC company agreement, Jeffrey R. Bailey retains the power to direct the voting by SSB Ventures LLC of the shares sold to it by Jeffrey R. Bailey.
- [F2]Grant of option pursuant to the Tengasco, Inc. Stock Incentive Plan.