Earnings Feed
Start Free
Home/Filings/4/0001437749-16-035385
4//SEC Filing

Enservco Corp 4

Accession 0001437749-16-035385

CIK 0000319458operating
View on SEC.govCompany Profile

Filed

Jul 19, 8:00 PM ET

Accepted

Jul 20, 3:30 PM ET

Size

25.4 KB

Accession

0001437749-16-035385

Insider Transaction Report

Form 4
Period: 2016-07-18
Enservco CorpENSV
Devers Robert J
CFO & Treasurer
Transactions
  • Disposition to Issuer

    Stock Option

    2016-07-18−50,000→ 100,000 total
    Exercise: $1.27Exp: 2018-04-29→ Common Stock (50,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−40,000→ 100,000 total
    Exercise: $1.74Exp: 2020-04-08→ Common stock (40,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−25,000→ 100,000 total
    Exercise: $0.60Exp: 2021-05-05→ Common Stock (25,000 underlying)
  • Disposition to Issuer

    Stock Option

    2016-07-18−50,000→ 0 total
    Exercise: $1.00Exp: 2018-07-25→ Common Stock (50,000 underlying)
  • Award

    Stock Option

    2016-07-18+25,000→ 25,000 total
    Exercise: $0.65Exp: 2021-05-05→ Common Stock (25,000 underlying)
  • Award

    Stock Option

    2016-07-18+50,000→ 50,000 total
    Exercise: $1.27Exp: 2018-10-29→ Common Stock (50,000 underlying)
  • Award

    Stock Option

    2016-07-18+50,000→ 50,000 total
    Exercise: $1.00Exp: 2018-07-25→ Common stock (50,000 underlying)
  • Award

    Stock Option

    2016-07-18+40,000→ 40,000 total
    Exercise: $1.74Exp: 2020-04-08→ Common Stock (40,000 underlying)
Holdings

  • Common Stock

    4,315

  • Stock Option

    Exercise: $2.25Exp: 2019-01-30→ Common Stock (50,000 underlying)
    50,000
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 50,000 shares were vested. The remaining options to acquire 100,000 shares remain vested as of the date hereof.
  • [F10]Options to acquire 16,667 shares vested on 1/1/15; 16,667 on 1/1/16; and the remaining options will vest on 1/1/17, if the conditions to vesting exist on such date.
  • [F2]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 50,000 shares were vested.
  • [F3]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 40,000 shares were unvested. Of the remaining options acquire 100,000 shares, options to acquire 46,666 shares vest on 1/1/16 and thereafter options to acquire 46,667 shares will vest on 1/1/17 and options to acquire 6,667 shares will vest on 1/1/18, in both cases if the conditions to vesting exist on such date.
  • [F4]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 25,000 shares were unvested. Of the remaining options acquire 100,000 shares, options to acquire 41,667 shares will vest on 12/31/16, options to acquire 41,667 will vest on 12/31/17, and options to acquire 16,666 shares vest on 12/31/18, in each case if the conditions to vesting exist on such date.
  • [F5]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").
  • [F6]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"). If the 2016 Plan is approved by stockholders, options to acquire 50,000 shares will vest on the date of stockholder approval.
  • [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 the 2016 Stock Plan. If the 2016 Plan is approved by stockholders, options to acquire 50,000 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 Stock Plan. If the 2016 Plan is approved by stockholders, options to acquire 40,000 shares will vest on 1/1/18, 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 Stock Plan. If the 2016 Plan is approved by stockholders, options to acquire 25,000 shares will vest on 12/31/18, 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, 3:30 PM ET
Size
25.4 KB
View on SEC.gov