Gregory L Overholtzer Form 4 PEDEVCO / Gregory L Overholtzer ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Overholtzer Gregory L

(Last) (First) (Middle)

4125 BLACKHAWK PLAZA CIRCLE

SUITE 201

(Street)

DANVILLE CA 94506

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PEDEVCO CORP [ PED ]

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

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	07/02/2018		M	V	75,000(1)	A	$0.3088(2)	82,542	D
Common Stock	07/02/2018		F	V	9,983(3)	D	$2.32	72,559(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 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: 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
Incentive Stock Option (Right to Buy)	$0.3088	07/02/2018		X	V		75,000(1)	06/28/2018	12/28/2022	Common Stock	75,000	$0.3088(2)	75,000	D
Incentive Stock Option (Right to Buy)	$1.1							12/28/2016	12/28/2021	Common Stock	60,000		60,000	D
Non-Qualified Stock Option (Right to Buy)	$3							02/09/2012	02/08/2022	Common Stock	1,100		1,100	D
Incentive Stock Option (Right to Buy)	$5.1							06/18/2012	06/18/2022	Common Stock	11,667		11,667	D
Incentive Stock Option (Right to Buy)	$3.7							01/07/2015	01/07/2020	Common Stock	5,000		5,000	D
Incentive Stock Option (Right to Buy)	$2.2							01/07/2016	01/07/2021	Common Stock	15,000		15,000	D

Explanation of Responses:

1. Reporting Person exercised 75,000 options at $.3088 exercise price in a cashless net exercise at $2.32 per share with 65,017 shares of common stock issuable and 9,983 options returned to the Company's Equity Incentive Plan.

2. Payment of cashless net exercise price of $23,160 with 9,983 options at $2.32 per share being returned to the Company's Equity Incentive Plan.

3. This number represents shares of Pedevco common stock withheld to satisfy the payment of the cashless exercise of option.

4. Reporting Person's holdings include: 3,442 and 4,100 shares issued pursuant to restricted stock grants and 65,017 shares issued pursuant to an ISO option exercise.

	/s/ Clark Moore, Attorney in Fact	07/03/2018
	** 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).
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