Grimes R. Keith Form 4 HOUSTON AMERICAN ENERGY / R. Keith Grimes 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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

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^*

Grimes R. Keith

(Last) (First) (Middle)

801 TRAVIS STREET

SUITE 1425

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HOUSTON AMERICAN ENERGY CORP [ HUSA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2020

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								30,000	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
Stock Option (Right to Buy)	$1.18							01/02/2013	07/02/2022	Common Stock	25,000		25,000	D
Stock Option (Right to Buy)	$0.3075							12/11/2013	06/11/2023	Common Stock	25,000		25,000	D
Stock Option (Right to Buy)	$0.415							12/10/2014	06/10/2024	Common Stock	50,000		50,000	D
Stock Option (Right to Buy)	$0.2028							12/09/2015	06/09/2025	Common Stock	50,000		50,000	D
Stock Option (Right to Buy)	$0.2201							12/07/2016	06/07/2026	Common Stock	50,000		50,000	D
Stock Option (Right to Buy)	$0.2201							06/07/2017	06/07/2026	Common Stock	150,000		150,000	D
12% Series A Convertible Preferred Stock	$0.2							01/31/2017	12/31/2050(1)	Common Stock	125,000		25	D
Stock Option (Right to Buy)	$0.485							03/06/2018	09/06/2027	Common Stock	50,000		50,000	D
Stock Option (Right to Buy)	$0.2425							12/05/2018	06/05/2028	Common Stock	50,000		50,000	D
Stock Option (Right to Buy)	$0.2165							12/13/2019	06/13/2029	Common Stock	50,000		50,000	D
Stock Option (Right to Buy)	$0.1284	07/17/2020		A		50,000		01/17/2021(2)	07/17/2030	Common Stock	50,000	$0	50,000	D

Explanation of Responses:

1. Convertible preferred stock has no expiration date.

2. The options were granted on July 17, 2020 and are exercisable six months from the date off grant, subject to vesting. The options vest 20% on the date of grant and 80% nine months from the date of grant.

	Keith Grimes	07/20/2020
	** 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 Number.