Sec Form 4 Filing - Devers Robert J @ Enservco Corp - 2017-06-08

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
Devers Robert J
2. Issuer Name and Ticker or Trading Symbol
Enservco Corp [ ENSV]
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)
501 S. CHERRY STREET, SUITE 1000
3. Date of Earliest Transaction (MM/DD/YY)
06/08/2017
(Street)
DENVER, CO80246
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 4,315 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 $ 1.74 06/05/2017 D 100,000 ( 2 ) 06/08/2017 Common Stock 100,000 $ 0 0 D
Stock Option $ 1.74 06/05/2017 D 40,000 ( 6 ) 06/08/2017 Common Stock 40,000 $ 0 0 D
Stock Option $ 2.25 06/05/2017 D 50,000 ( 8 ) 06/08/2017 Common Stock 50,000 $ 0 0 D
Stock Option $ 1.27 ( 1 ) 02/15/2018 Common Stock 100,000 100,000 D
Stock Option $ 0.6 ( 3 ) 02/15/2018 Common Stock 100,000 100,000 D
Stock Option $ 1.27 ( 4 ) 02/15/2018 Common Stock 50,000 50,000 D
Stock Option $ 1 ( 5 ) 02/15/2018 Common Stock 50,000 50,000 D
Stock Option $ 0.65 ( 7 ) 02/15/2018 Common Stock 25,000 25,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Devers Robert J
501 S. CHERRY STREET, SUITE 1000
DENVER, CO80246
Chief Financial Officer
Signatures
/s/ Robert Devers 06/09/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Options to acquire 100,000 shares are fully vested as of the date hereof. Pursuant to the Executive Severance Agreement between the Company and the Reporting Person (the "Executive Severance Agreement"), the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
( 2 )Options to acquire 100,000 shares of common stock were forfeited on June 8, 2017 pursuant to the Executive Severance Agreement.
( 3 )Options to acquire 83,334 shares are fully vested as of the date hereof, and, as a result of certain accelerated vesting provision contained in the Executive Severance Agreement, the remaining options to acquire 16,666 shares will vest on August 4, 2017. Pursuant to the Executive Severance Agreement the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
( 4 )Options to acquire 50,000 shares are fully vested as of the date hereof. Pursuant to the Executive Severance Agreement, the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
( 5 )Options to acquire 50,000 shares are fully vested as of the date hereof. Pursuant to the Executive Severance Agreement, the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
( 6 )Options to acquire 40,000 shares of common stock that were scheduled to vest on 1/1/18 were forfeited on June 8, 2017 pursuant to the Executive Severance Agreement.
( 7 )Options to acquire 25,000 shares were scheduled to vest on 12/31/18. As a result of certain accelerated vesting provision contained in the Executive Severance Agreement, these options will vest on August 4, 2017. Pursuant to the Executive Severance Agreement, the option will terminate on February 15, 2018 as to any portion of the option not exercised on or prior to such date.
( 8 )Options to acquire 50,000 shares of common stock were forfeited on June 8, 2017 pursuant to the Executive Severance Agreement.

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