Statement of Changes in Beneficial Ownership (4)
October 08 2020 - 06:42PM
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).
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
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1. Name
and Address of Reporting Person * DARGAN CHARLES
K |
2. Issuer Name and Ticker or Trading
Symbol BIOLARGO, INC. [ BLGO ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Chief Financial Officer |
(Last)
(First)
(Middle)
18851 NE 29TH AVENUE, SUITE 700 |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/8/2020
|
(Street)
AVENTURA, FL 3318
(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 |
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 |
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 to purchase common
stock |
$0.15 |
10/8/2020 |
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A |
|
2500 |
|
10/8/2020 |
9/30/2030 |
Common stock |
2500 |
$0 (1) |
3610786 (2) |
D |
|
Option to purchase common
stock |
$0.15 |
10/8/2020 |
|
A |
|
50000 |
|
10/8/2020 |
9/30/2030 |
Common stock |
50000 |
$0 (3) |
3460786 (4) |
D |
|
Explanation of
Responses: |
(1) |
This Option was granted to
Reporting Person to replace options to purchase 10,000 shares of
Issuer's common stock that had been issued approximately 10 years
ago to compensate Reporting Person for services to the Issuer and
had recently expired unexercised due to a discrepancy between the
original exercise price and the Issuer's current stock price,
pursuant to a plan adopted by the Issuer's Compensation
Committee. |
(2) |
This amount reflects, in
addition to the reported option grant, the expiration on September
30, 2020, of an option to purchase an 10,000 shares of common
stock. |
(3) |
This Option was granted to
Reporting Person to replace options to purchase 200,000 shares of
Issuer's common stock that had been issued approximately 10 years
ago to compensate Reporting Person for services to the Issuer and
had recently expired unexercised due to a discrepancy between the
original exercise price and the Issuer's current stock price,
pursuant to a plan adopted by the Issuer's Compensation
Committee. |
(4) |
This amount reflects, in
addition to the reported option grant, the expiration on August 5,
2020, of an option to purchase an 200,000 shares of common
stock. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
DARGAN CHARLES K
18851 NE 29TH AVENUE
SUITE 700
AVENTURA, FL 3318 |
|
|
Chief Financial Officer |
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Signatures
|
/s/ John R. Browning,
Attorney-in-fact |
|
10/8/2020 |
**Signature of
Reporting Person |
Date |