PEDEVCO CORP — Director's Dealing 2012

Aug 3, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PEDEVCO CORP (BESV.OB)
CIK: 0001141197
Period of Report: 2012-07-27

Reporting Person: Tseng Jamie (Director, Senior VP - Managing Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000000	Direct
Common Stock	1000000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$0.10	2022-02-08	Common Stock (100000)		Direct

Footnotes

F1: Common Stock of Issuer held by Uni-bright Technology Limited, an entity owned and controlled by Mr. Tseng.

F2: Incentive Stock Option to purchase Common Stock of Issuer granted on February 9, 2012 pursuant to Issuer's 2012 Equity Incentive Plan and subject thereto. Vesting at the rate of 50% on 6 month anniversary, 20% on one year anniversary, 20% on 18 mth anniversary and 10% on two year anniversary, for so long as the recipient remains an employee of, or consultant to, the Company and subject to the terms and conditions of the Stock Option Agreement.