FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Scaturro Pasquale V.
2. Issuer Name and Ticker or Trading Symbol

HYDROCARB ENERGY CORP [ HECC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1700 GARLAND ST.
3. Date of Earliest Transaction (MM/DD/YYYY)

9/23/2014
(Street)

LAKEWOOD, CO 80215
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   9/23/2014   (1)   S    33915   (1) D $3.37   (1) 2859715   D    
Common Stock   11/19/2014   (3)   S    31700   (3) D $1.71   (3) 2828015   (3) D    
Common Stock   1/14/2015     J (2)    75000   D $0   2753015   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Between 9/23/2014 and 11/12/2014, Mr. Scaturro sold 33,915 shares of the Company's common stock pursuant to Rule 144 at a weighted average price of $3.37 per share.
( 2)  Mr. Scaturro transferred 37,500 free trading shares each to Angela Watts and Tyler Watts pursuant to an agreement between Mr. Scaturro and Kent Watts to purchase an African corporation. Pursuant to the agreement, Mr. Scaturro is obligated to transfer an additional 162,500 free trading shares to Angela and Tyler Watts.
( 3)  Between 11/19/20104 and 2/27/2015 Mr. Scaturro sold approximately 500 shares each trading day at an average price of $1.71 per share. The shares were sold pursuant to a Lock-Up Agreement in connection with the agreement between Mr. Scaturro and Kent Watts mentioned in footnote 2.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Scaturro Pasquale V.
1700 GARLAND ST.
LAKEWOOD, CO 80215

X


Signatures
/s/ Pasquale Scaturro 3/16/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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