Gevo, Inc. — Director's Dealing 2012

Feb 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gevo, Inc. (GEVO)
CIK: 0001392380
Period of Report: 2012-02-03

Reporting Person: Black David (EVP, Upstream Business Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-03	Common Stock	X	1298	$2.70	Acquired	1298	Indirect
2012-02-03	Common Stock	S	395	$8.873	Disposed	903	Indirect
2012-02-03	Common Stock	S	903	$10	Disposed	0	Indirect
2012-02-06	Common Stock	X	7573	$2.70	Acquired	7573	Indirect
2012-02-06	Common Stock	S	2241	$9.125	Disposed	5332	Indirect
2012-02-06	Common Stock	S	5332	$10	Disposed	0	Indirect
2012-02-07	Common Stock	X	5577	$2.70	Acquired	5577	Indirect
2012-02-07	Common Stock	S	1603	$9.395	Disposed	3974	Indirect
2012-02-07	Common Stock	S	3974	$10	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-03	Warrants (right to buy)	$2.70	X	1298	Disposed	2016-09-21	Common Stock (1298)	Indirect
2012-02-06	Warrants (right to buy)	$2.70	X	7573	Disposed	2016-09-21	Common Stock (7573)	Indirect
2012-02-07	Warrants (right to buy)	$2.70	X	5577	Disposed	2016-09-21	Common Stock (5577)	Indirect

Footnotes

F1: The shares of common stock were issued to CDP Gevo, LLC. CDP Gevo, LLC is beneficially owned 50% by David Black and 50% by Michael Slaney, each of whom may be held to have voting and dispositive power over 100% of the shares held by CDP Gevo, LLC. The reporting person disclaims beneficial ownership of shares held by CDP Gevo, LLC except to the extent of his pecuniary interest therein.

F2: On February 3, 2012, CDP Gevo, LLC exercised a warrant to purchase 1,298 shares of the Issuer's common stock for $2.70 per share. CDP Gevo, LLC paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 395 of the warrant shares to pay the exercise price and issuing to CDP Gevo, LLC the remaining 903 shares. The Issuer also paid a negligible amount to CDP Gevo, LLC in lieu of a fractional share.

F3: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2011.

F4: On February 6, 2012, CDP Gevo, LLC exercised a warrant to purchase 7,573 shares of the Issuer's common stock for $2.70 per share. CDP Gevo, LLC paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 2,241 of the warrant shares to pay the exercise price and issuing to CDP Gevo, LLC the remaining 5,332 shares. The Issuer also paid a negligible amount to CDP Gevo, LLC in lieu of a fractional share.

F5: On February 7, 2012, CDP Gevo, LLC exercised a warrant to purchase 5,577 shares of the Issuer's common stock for $2.70 per share. CDP Gevo, LLC paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1,603 of the warrant shares to pay the exercise price and issuing to CDP Gevo, LLC the remaining 3,974 shares. The Issuer also paid a negligible amount to CDP Gevo, LLC in lieu of a fractional share.

F6: This warrant was issued to CDP Gevo, LLC. CDP Gevo, LLC is beneficially owned 50% by David Black and 50% by Michael Slaney, each of whom may be held to have voting and dispositive power over 100% of the shares held by CDP Gevo, LLC. The reporting person disclaims beneficial ownership of shares held by CDP Gevo, LLC except to the extent of his pecuniary interest therein.