Sec Form 4 Filing - Hartzell Stephen @ HOUSTON AMERICAN ENERGY CORP - 2016-06-07

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
Hartzell Stephen
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)
(Last) (First) (Middle)
801 TRAVIS STREET, SUITE 1425
3. Date of Earliest Transaction (MM/DD/YY)
06/07/2016
(Street)
HOUSTON, TX77002
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 56,000 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 5.45 11/21/2007 05/21/2017 Common Stock 10,000 10,000 D
Stock Option (Right to Buy) $ 2.05 12/09/2009 06/09/2019 Common Stock 6,666 6,666 D
Stock Option (Right to Buy) $ 14.08 12/15/2010 06/15/2020 Common Stock 25,000 25,000 D
Stock Option (Right to Buy) $ 16.07 12/13/2011 06/13/2021 Common Stock 25,000 25,000 D
Stock Option (Right to Buy) $ 1.65 12/11/2012 06/11/2022 Common Stock 100,000 100,000 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 06/07/2016 A 50,000 12/07/2016( 1 ) 06/07/2026 Common Stock 50,000 $ 0 50,000 D
Stock Option (Right to Buy) $ 0.2201 06/07/2016 A 150,000 06/07/2017( 2 ) 06/07/2026 Common Stock 150,000 $ 0 150,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hartzell Stephen
801 TRAVIS STREET, SUITE 1425
HOUSTON, TX77002
X
Signatures
/s/ Stephen Hartzell 06/09/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest 20% on the date of grant and 80% nine months from the grant date.
( 2 )The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest (a) 50% on the earlier of (i) June 7, 2017, or (ii) the day prior to the next annual shareholders' meeting, and (b) 50% on the earlier of (ii) June 7, 2018, or (ii) the day prior to the second annual shareholders' meeting following the grant date; provided that (c) all unvested options will vest upon completion of a transaction(s) involving the issuance of equity securities providing not less than $2 million of additional shareholders' equity.

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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