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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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 *

SALAS PETER E
2. Issuer Name and Ticker or Trading Symbol

TENGASCO INC [ TGC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

P.O. BOX 16867
3. Date of Earliest Transaction (MM/DD/YYYY)

7/1/2016
(Street)

FERNANDINA BEACH, FL 32035
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

___ Form filed by One Reporting Person
_ X _ 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   7/1/2016     J (1)    500   A $0   500   D    
Common Stock   4/1/2016     J (1)    500   A $0   500   D    
Common Stock                  21800   (2) D    
Common Stock                  2063916   (3) I   By Affiliate Partnership   (3)

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
Option Right to Buy   (5) $1.20   1/4/2016     J   (4)    1       1/4/2016   1/3/2021   Common Stock   625   $0   1   D    
Option Right to Buy   (5) $2.20   10/2/2015     J   (4)    1       10/2/2015   10/1/2020   Common Stock   625   $0   1   D    
Option Right to Buy   (5) $2.70   7/2/2015     J   (4)    1       7/2/2015   7/1/2020   Common Stock   625   $0   1   D    
Option Right to Buy   (5) $2.30   4/2/2015     J   (4)    1       4/2/2015   4/1/2020   Common Stock   625   $0   1   D    
Option Right to buy   (5) $2.50   1/5/2015     J   (4)    1       1/5/2015   1/4/2020   Common Stock   625   $0   1   D    
Option Right to Buy   (5) $4.40   10/2/2014     J   (4)    1       10/2/2014   10/1/2019   Common Stock   625   $0   1   D    
Option Right to buy   (5) $4.40   7/2/2014     J   (4)    1       7/2/2014   7/1/2019   Common Stock   625   $0   1   D    
Option Right to buy   (5) $4.80   4/1/2014     J   (4)    1       4/1/2014   3/31/2019   Common Stock   625   $0   1   D    
Option Right to buy   (5) $4.10   1/3/2014     J   (4)    1       1/3/2014   1/2/2019   Common Stock   625   $0   1   D    
Option Right to buy   (5) $4.10   10/2/2013     J   (4)    1       10/2/2013   10/1/2018   Common Stock   625   $0   1   D    
Option Right to buy   (5) $4.80   7/1/2013     J   (4)    1       7/1/2013   6/30/2018   Common Stock   625   $0   1   D    
Option Right to buy   (5) $6.20   4/1/2013     J   (4)    1       4/1/2013   3/31/2018   Common Stock   625   $0   1   D    
Option Right to buy   (5) $6.40   1/2/2013     J   (4)    1       1/2/2013   1/1/2018   Common Stock   625   $0   1   D    
Option Right to buy   (5) $7.30   10/1/2012     J   (4)    1       10/1/2012   9/30/2017   Common Stock   625   $0   1   D    
Option Right to buy   (5) $8.10   7/2/2012     J   (4)    1       7/2/2012   7/1/2017   Common Stock   625   $0   1   D    
Option Right to buy   (5) $10.70   4/2/2012     J   (4)    1       4/2/2012   4/1/2017   Common Stock   625   $0   1   D    
Option Right to buy   (5) $7.50   1/3/2012     J   (4)    1       1/3/2012   1/2/2017   Common Stock   625   $0   1   D    
Option Right to Buy   (5) $7.20   10/3/2011     J   (4)    1       10/3/2011   10/2/2016   Common Stocik   625   $0   1   D    

Explanation of Responses:
( 1)  Grant of stock pursuant to Tengasco, Inc's Stock Incentive Plan to Peter E. Salas in his individual capacity.
( 2)  Held directly by Peter E. Salas in his individual capacity. Adjusted to reflect 1:10 reverse stock split effective March 24, 2016.
( 3)  Held directly by Dolphin Offshore Partners L.P. Peter E. Salas, the chairman of Tengasco Inc.'s Board of Directors, is the sole shareholder and controlling person of Dolphin Mgmt. Services, Inc., the managing general partner of Dolphin Offshore Partners, L.P. Adjusted to reflect 1:10 reverse stock split effective March 24, 2016.
( 4)  Grant of option pursuant to Tengasco's Stock Incentive Plan to Peter E. Salas in his individual capacity.
( 5)  Conversion price and number of options adjusted to reflect 1:10 reverse stock split effective March 24, 2016.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SALAS PETER E
P.O. BOX 16867
FERNANDINA BEACH, FL 32035
X X

DOLPHIN OFFSHORE PARTNERS LP
P.O. BOX 16867
FERNANDINA BEACH, FL 32035

X


Signatures
/s/ Dolphin Offshore Partners, L.P. 7/6/2016
** Signature of Reporting Person Date

/s/ Peter E Salas 7/6/2016
** 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.
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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