Envela Corp — Director's Dealing 2011

Oct 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DGSE COMPANIES INC (DGSE)
CIK: 0000701719
Period of Report: 2011-10-25

Reporting Person: NTR METALS, LLC (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-25	Call Option (right to buy)	$15.00	J	1	Acquired	2016-10-25	Common Stock (5000000)	Direct

Footnotes

F1: The Reporting Person acquired an option to buy 5,000,000 shares of common stock under its Option Grant Agreement, entered into in connection with its Debt Cancellation Agreement, with the Issuer. All 5,000,000 shares of common stock remain subject to the Option Grant Agreement.

F2: The Reporting Person acquired the option in consideration for its agreement to cancel $2.5 million in debt owed by the Issuer to the Reporting Person.