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4//SEC Filing

Enservco Corp 4

Accession 0001437749-16-035383

CIK 0000319458operating
View on SEC.govCompany Profile

Filed

Jul 19, 8:00 PM ET

Accepted

Jul 20, 3:28 PM ET

Size

27.9 KB

Accession

0001437749-16-035383

Insider Transaction Report

Form 4
Period: 2016-07-18
Enservco CorpENSV
Kasch Rick D
Chief Financial Officer
Transactions
  • Award

    Stock Option

    2016-07-18+400,000→ 400,000 total
    Exercise: $0.65Exp: 2021-05-05→ Common Stock (400,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−600,000→ 0 total
    Exercise: $1.10Exp: 2016-07-19→ Common Stock (600,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−110,000→ 100,000 total
    Exercise: $1.74Exp: 2020-04-08→ Common Stock (110,000 underlying)
  • Award

    Stock Option

    2016-07-18+325,000→ 325,000 total
    Exercise: $0.65Exp: 2017-12-05→ Common Stock (325,000 underlying)
  • Award

    Stock Option

    2016-07-18+350,000→ 350,000 total
    Exercise: $0.65Exp: 2021-05-05→ Common Stock (350,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−325,000→ 100,000 total
    Exercise: $0.46Exp: 2017-06-05→ Common Stock (325,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−400,000→ 100,000 total
    Exercise: $0.60Exp: 2021-05-05→ Common Stock (400,000 underlying)
  • Award

    Stock Option

    2016-07-18+110,000→ 110,000 total
    Exercise: $1.74Exp: 2020-04-08→ Common Stock (110,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−350,000→ 0 total
    Exercise: $0.60Exp: 2021-05-05→ Common Stock (350,000 underlying)
Holdings

  • Common Stock

    1,849,324

  • Warrants

    Exercise: $0.55From: 2012-11-02Exp: 2017-11-30→ Common Stock (37,500 underlying)
    37,500
Footnotes (10)
  • [F1]This transaction involves rescission of a prior grant pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of the rescission, the forfeited options to acquire 600,000 shares were vested.
  • [F10]The options were granted pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person and are subject to approval by Enservco's stockholders of its 2016 Stock Incentive Plan, as adopted by the Board on 7/18/16. If the 2016 Plan is approved by stockholders, options to acquire 116,667 shares will vest on 12/31/16, 116,667 shares will vest on 12/31/17 and the remaining options to acquire 116,666 will vest on 12/31/18, in both cases if the conditions to vesting exist on such date.
  • [F2]This transaction involves partial rescission of a prior grant pursuant to an dated July 18, 2016 agreement between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of the rescission, the forfeited options to acquire 325,000 shares were vested. The remaining options to acquire 100,000 shares remain vested as of the date hereof.
  • [F3]This transaction involves partial rescission of a prior grant pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of the rescission, the forfeited options to acquire 110,000 shares were not vested. Of the remaining options to acquire 100,000 shares, options to acquire 70,000 shares vested on 1/1/16 and 30,000 shares will vest on 1/1/17 if the conditions to vesting exist on that date.
  • [F4]This transaction involves partial rescission of a prior grant pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of the rescission, the forfeited options to acquire 400,000 shares were not vested. The remaining options to acquire 100,000 shares will vest on 12/31/16 if the conditions to vesting exist on that date.
  • [F5]This transaction involves rescission of a prior grant pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person in connection with securities granted which were in excess of the limits authorized by Enservco's 2010 Stock Incentive Plan. As of the date of the rescission, the forfeited options to acquire 350,000 shares were not vested.
  • [F6]The exercise price per share of the new option grant is the higher of the exercise price of the forfeited options or the closing sale price of the Company's common stock on July 7, 2016, the date of approval of the new option grant and related agreements by a special independent committee of the Board of Directors (the "Special Committee").
  • [F7]The options were granted pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person and are subject to approval by Enservco's stockholders of its 2016 Stock Incentive Plan (the "2016 Plan"), as adopted by the Board on 7/18/16. If the 2016 Plan is approved by stockholders, options to acquire 325,000 shares will vest on the date of stockholder approval.
  • [F8]The options were granted pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person and are subject to approval by Enservco's stockholders of the 2016 Plan. If the 2016 Plan is approved by stockholders, options to acquire 40,000 shares will vest on 1/1/17, and the remaining options to acquire 70,000 shares will vest on 1/1/18, in both cases if the conditions to vesting exist on such date.
  • [F9]The options were granted pursuant to an agreement dated July 18, 2016 between the Company and the Reporting Person and are subject to approval by Enservco's stockholders of the 2016 Plan. If the 2016 Plan is approved by stockholders, options to acquire 150,000 shares will vest on 12/31/16, and the remaining options to acquire 250,000 shares will vest on 12/31/17, in both cases if the conditions to vesting exist on such date.

Documents

1 file

Issuer

Enservco Corp

CIK 0000319458

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000319458

Filing Metadata

Form type
4
Filed
Jul 19, 8:00 PM ET
Accepted
Jul 20, 3:28 PM ET
Size
27.9 KB
View on SEC.gov