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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option Right to buy (2) | $ 0.44 | 08/30/2010 | J | 1 | 08/30/2011 | 08/29/2015 | Common Stock | 74,000 | $ 0 | 1 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SORENSEN CARY V 123 CENTER PARK DRIVE, SUITE 104 KNOXVILLE, TN 37922 |
Vice President |
/s/ Cary V. Sorensen | 04/29/2014 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | The reported number of TGC shares being acquired is equal to the number of TGC shares sold by Cary V. Sorensen to SSB Ventures LLC on December 31, 2012. The reported shares were acquired on April 25, 2014 by Cary V. Sorensen in a private transaction from SSB Ventures LLC, a series limited liability company, as return of collateral securing a promissory note in amount of $212,000 dated December 31, 2012 by SSB Ventures LLC to Cary V. Sorensen as a series member of SSB Ventures LLC. The closing price of the shares on the NYSE MKT exchange on April 25, 2014 was $0.47 per share. |
(2) | Grant of option pursuant to Tengasco, Inc Stock Incentive Plan. |