Statement of Changes in Beneficial Ownership (4)
March 17 2015 - 1:38PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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
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1. Name and Address of Reporting Person
*
Scaturro Pasquale V.
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2. Issuer Name
and
Ticker or Trading Symbol
HYDROCARB ENERGY CORP
[
HECC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
1700 GARLAND ST.
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/23/2014
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(Street)
LAKEWOOD, CO 80215
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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9/23/2014
(1)
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S
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33915
(1)
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D
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$3.37
(1)
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2859715
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D
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Common Stock
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11/19/2014
(3)
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S
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31700
(3)
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D
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$1.71
(3)
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2828015
(3)
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D
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Common Stock
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1/14/2015
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J
(2)
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75000
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D
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$0
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2753015
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(
1)
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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.
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(
2)
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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.
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(
3)
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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.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Scaturro Pasquale V.
1700 GARLAND ST.
LAKEWOOD, CO 80215
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X
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Signatures
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/s/ Pasquale Scaturro
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3/16/2015
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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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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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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