Enservco Corp 4

Accession 0001437749-16-035386

CIK 0000319458operating

View on SEC.gov Company Profile

Filed

Jul 19, 8:00 PM ET

Accepted

Jul 20, 3:31 PM ET

Size

21.2 KB

Accession

0001437749-16-035386

Insider Transaction Report

Form 4

Period: 2016-07-18

Enservco CorpENSV

Peitz Austin

V-P Field Operations

Transactions

Disposition to Issuer
Stock Option
2016-07-18−200,000→ 100,000 total
Exercise: $0.46Exp: 2017-06-30→ Common Stock (200,000 underlying)
Disposition to Issuer
Stock Option
2016-07-18−60,000→ 100,000 total
Exercise: $1.74Exp: 2020-04-08→ Common stock (60,000 underlying)
Award
Stock Option
2016-07-18+200,000→ 200,000 total
Exercise: $0.65Exp: 2017-12-30→ Common Stock (200,000 underlying)
Award
Stock Option
2016-07-18+60,000→ 60,000 total
Exercise: $1.74Exp: 2020-04-08→ Common Stock (60,000 underlying)
Disposition to Issuer
Stock Option
2016-07-18−100,000→ 100,000 total
Exercise: $0.60Exp: 2021-05-05→ Common Stock (100,000 underlying)
Award
Stock Option
2016-07-18+100,000→ 100,000 total
Exercise: $0.65Exp: 2021-05-05→ Common Stock (100,000 underlying)

Holdings

Common Stock
98,853
Stock Option
Exercise: $0.70Exp: 2018-01-23→ Common Stock (50,000 underlying)
50,000

Footnotes (8)

[F1]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 rescission, the forfeited options to acquire 200,000 shares were vested. The remaining options to acquire 100,000 shares remain vested as of the date hereof.
[F2]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 rescission, the forfeited options to acquire 60,000 shares were unvested. Of the remaining options to acquire 100,000 shares, options to acquire 53,333 shares vested on 1/1/16, and options to acquire 46,667 shares will vest on 1/1/17 if the conditions to vesting exist on that date.
[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 rescission, the forfeited options to acquire 100,000 shares were unvested. Of the remaining options to acquire 100,000 shares, options to acquire 66,667 shares will vest on 12/31/16, and thereafter options to acquire 33,333 shares will vest on 12/31/17, in both cases if the conditions to vesting exist on such date.
[F4]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").
[F5]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 200,000 shares will vest on the date of stockholder approval. The grant was approved in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934 (the "1934 Act"), and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act.
[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 the 2016 Plan. If the 2016 Plan is approved by stockholders, options to acquire 6,666 shares will vest on 1/1/17, and the remaining options to acquire 53,334 shares will vest on 1/1/18, in both cases if the conditions to vesting exist on such date. The grant was approved in accordance with Rule 16b-3(d) of the 1934 Act, and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act.
[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 Plan. If the 2016 Plan is approved by stockholders, options to acquire 33,334 shares will vest on 12/31/17, and the remaining options to acquire 66,666 shares will vest on 12/31/18, in both cases if the conditions to vesting exist on such date. The grant was approved in accordance with Rule 16b-3(d) of the 1934 Act, and in accordance with Rule 16b-3(a) of the 1934 Act is exempt from Section 16(b) of the 1934 Act.
[F8]Options to acquire 16,667 shares vested on 1/1/14; 16,667 on 1/1/15; and the remaining options vested on 1/1/16.

Documents

1 file

4
rdgdoc.xmlPrimary
FORM 4

Issuer

Enservco Corp

CIK 0000319458

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000319458

Filing Metadata

Form type: 4
Filed: Jul 19, 8:00 PM ET
Accepted: Jul 20, 3:31 PM ET
Size: 21.2 KB

View on SEC.gov