SORENSEN CARY V 4
4 · TENGASCO INC · Filed Jan 3, 2013
Insider Transaction Report
Form 4
TENGASCO INCTGC
SORENSEN CARY V
Vice President
Transactions
- Sale
Common Stock
2012-12-31$1.06/sh−200,000$212,000→ 36,226 total - Other
Option Right to buy
2010-08-30+1→ 1 totalExercise: $0.44From: 2011-08-30Exp: 2015-08-29→ Common Stock (74,000 underlying)
Footnotes (2)
- [F1]Shares were sold in a private transaction to SSB Ventures LLC, a limited liability company in which Cary V. Sorensen is a member, for the consideration of a promissory note dated December 31, 2012 by SSB Ventures LLC in amount of $212,000. Pursuant to the SSB Ventures LLC company agreement, Cary V. Sorensen retains the power to direct the voting by SSB Ventures LLC of the shares sold to it by Cary V. Sorensen.
- [F2]Grant of option pursuant to Tengasco, Inc. Stock Incentive Plan.