George Jaleea Pyle 4
4 · SUMMER ENERGY HOLDINGS INC · Filed Nov 8, 2017
Insider Transaction Report
Form 4
George Jaleea Pyle
DirectorSECRETARY, TREASURER, CFO
Transactions
- Gift
Common Stock
2017-11-01+6,334→ 610,885 total - Purchase
Common Stock
2017-11-01+7,329→ 604,551 total - Award
Stock Option
2017-10-30+10,000→ 10,000 totalExercise: $2.15From: 2017-10-30Exp: 2027-10-30→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]The Reporting Person received these shares as consideration for the sale of the Reporting Person's ownership interest in REP Energy, LLC to the Company, pursuant to a Membership Interest Purchase Agreement dated as of November 1, 2017.
- [F2]A portion of such shares (597,222 shares) are held of record by The Jaleea K. Pyle Living Trust. Ms. George is a trustee of such trust and has voting and dispositive control over securities held by The Jaleea K. Pyle Living Trust. Does not include 84,378 shares held of record by Northeast Opco, LLC, of which the Reporting Person is an officer, owner and control person.
- [F3]Options were granted to the Reporting Person pursuant to the Reporting Person's employment agreement with the Issuer for achieving certain performance metrics.